Tech – for Everyone

Tech Tips and Tricks & Advice – written in plain English.

Facebook stock plunge sounds alarm on Calif. budget

Sometimes.. I have to ask myself.. just how dumb are politicians?

Facebook stock plunge sounds alarm on California’s budget

SACRAMENTO, Calif. (KGO) — “Facebook’s plunging stock price is now sinking California’s hope of keeping the state’s budget above water. Gov. Jerry Brown hoped the state would get nearly $2 billion dollars in tax revenue when Facebook began trading publicly in May.” Read more..

… putting together a budget based on expecting the stock market to behave a certain way… Well, I guess that’s no dumber than giving 18 year-old’s credit cards, and establishing a buy-now-hopefully-pay-later mindset.

All this because Facebook is not efficient at pumping ads to your smartphone. (Ads we neither want nor need.)

IMHO, the lunatics are running the asylum. Seems simple as that…

In other news: What does Google Fiber mean for the rest of us?

So Google is beginning their fiber efforts in earnest in Kansas City…What does that mean for the rest of us fighting with our crappy ISPs?Read more..

(Why, it means more ads, of course. [And them learning even more about us? {If that’s possible..}])

Today’s quote:Anyone can carry his burden, however hard, until nightfall. Anyone can do his work, however hard, for one day. Anyone can live sweetly, patiently, lovingly, purely, till the sun goes down. And this is all life really means.” ~ Robert Louis Stevenson

Copyright 2007-2012 © “Tech Paul” (Paul Eckstrom). All Rights Reserved.

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August 3, 2012 - Posted by | News, tech


  1. […] Facebook stock plunge sounds alarm on Calif. budget […]


    Pingback by Wallpaper of the Week (#81) « What's On My PC | August 4, 2012 | Reply

  2. In My Opinion: The Politicians are part of the …HERD… with their focus on Instant Gratification…Quick Easy Fixes of Phantom Revenues.



    Comment by Gaia | August 4, 2012 | Reply

    • Gaia,
      I have to disagree with you a bit, I think. It has always been my belief that Pols are rather unique characters (who often view us citizens as a herd of sheep).

      It is nice to think of a politician as a “public servant”, like Jimmy Stewart in Mr. Smith Goes To Washington, but … even in that movie, he was the abnormal one.

      But I wonder what the IRS would say if I used such accounting methods? And I am trying to remember how old I was when I first heard “don’t count your chickens until they’re hatched”..


      Comment by techpaul | August 4, 2012 | Reply

  3. 100F or 40C here. Whoa, it’s hot! Not even sure I am in Canada anymore. Who knows? It’s so hot in Oklahoma that this squirrel melted | Grist

    Anyways downloading some Music for my MP3 player.. The Humble Music Bundle (pay what you want and help charity) Any nerd worth their salt knows about JoCo or They Might Be Giants and MC Frontalot.

    Wanna see something chilling? Could possibly make your blood run cold if you think about it. Sight: chilling futuristic film made as graduation project goes viral Yahoo! News Canada. Glad I am out of the dating crap…


    Comment by delenn13 | August 4, 2012 | Reply

    • delenn13,
      Interesting stuff there. Thank you for sharing.


      Comment by techpaul | August 4, 2012 | Reply

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