Last week we jokingly wrote about a Facebook press release that was apparently an honest effort by the social media giant intended to summarize Russian efforts to undermine the 2016 election using their social media platform.
That said, at least to us, it seemed as though Facebook unwittingly proved what a farce the entire 'Russian collusion' narrative has become as, after digging through advertising data for the better part of full year, Facebook reported that they found a 'staggering' $50,000 worth of ad buys that 'MAY' have been purchased by Russian-linked accounts to run 'potentially politically related' ads.
Case - Above - Statement - Chart - Worth
Now, just in case it isn't crystal clear why the above statement is so ridiculous, please allow us to demonstrate with one simple chart. This is how the $50,000 worth of 'Russian' ad buys on Facebook compares to the $1.2 billion that Hillary spent on her campaign...please note, this is not a mistake...the $50k literally isn't even big enough to show up on the chart.
All of which means that one of the following three things is true: i) Facebook delivers the greatest ROIC to advertisers in the history of mankind, ii) Hillary is the worst allocator of capital ever or iii) this whole narrative is just beyond dumb.
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Of course, despite this relatively simplistic explanation of why Facebook went 'full retard' in their attempt to prove that Russians used their website to throw a presidential election, Democrats in Congress apparently don't get the joke. As The Hill pointed out earlier today, Senate Democrats on the Intelligence Committee are inexplicably using the new Facebook advertising...
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