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Josh Marshall

Josh Marshall is editor and publisher of TalkingPointsMemo.com.

Articles by Josh

Last week Netflix surprised investors by reporting disappointing quarterly results. Specifically they noted that subscriber “acquisition growth was lower than we projected.”

This has happened before. And Netflix didn’t provide a clear explanation of why their subscriber growth numbers were soft. But I couldn’t help remembering that Netflix is a heavy, heavy user of Facebook advertising and marketing tools to keep growing their subscriber numbers. Remember, Netflix is a classic ‘direct to consumer’ marketer, even though people sometimes don’t think of them that way.

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A few days ago, I went back to that Kevin McCarthy quote from back in June 2016, when he told his leadership colleagues that he thought Vladimir Putin paid two people: Trump and Rep. Dana Rohrabacher. As I noted, that came just after McCarthy and Paul Ryan had both met with the new (and current) Ukrainian Prime Minister, who had told them about Russian actions in Europe, funding right/nationalist parties, using propaganda operations to destabilize governments and so forth. But it turns out there’s more to that chain of events than I’d realized, more that makes McCarthy’s statement and Ryan’s secrecy more troubling and suspicious.

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As I explain here, not only did President Trump almost certainly know about the Trump Tower collusion meeting in advance. There’s strong circumstantial evidence he coordinated directly with Vladimir Putin in a secret, no-US-witness conversation to devise the false cover story that he dictated for The New York Times. I explain here.

According to CNN, Michael Cohen says President Trump knew in advance about the Trump Tower meeting from Don Jr., approved the meeting in advance, was looking forward to getting the dirt.

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Here’s a write-up of the Facebook’s market sell-off. The value of the company dropped by roughly $120 billion today, about 20%. In the write-up, Bloomberg’s Shira Ovide asks what happened and specifically how this all caught investors and apparently Facebook itself so off-guard.

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I hope I don’t abuse the privilege of telling you when something is a must read. But this article is an absolute must-read. Just go read it right now. Or let me share my take on it and read it afterwards.

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Surprised about Facebook stock falling almost 20% on disappointing earnings outlook? Investors seemed to be. But they shouldn’t. I hope I’ve been clear that I think Facebook is a bad acting company with a predatory organizational culture. Google exercises monopoly power that needs to be reined in. But it’s fundamentally different from Facebook, both in its actions, organizational culture and its effect on the larger civic and Internet ecosystems. I say all this just to put my cards on the table. But I think I’m on firm ground and cognizant of my biases when I say that Facebook’s business troubles are just beginning.

Here’s why.

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