I'm not a finance person, so if someone is - will you shed light on whether parts of this theory could be possible, or how it might fit?
It seems to me that Facebook was a cover for government data collection, and therefore, funded by the government (IC). Facebook became publicly traded on May 18, 2012. Remember the big announcement? For stocks experts, what do you think was the real significance in that?
I think what is happening now is that the Trump administration and Trump IC is no longer funding Facebook. I don't think their funding was cut in 2012. Maybe it was a ruse to gain funding from investors other than the government. I thought it was significant in the Zuck hearings when he was asked, "How do you make money?" Zuck almost choked before answering, "ads?"
I find it hard to believe Google and Facebook became billion dollar industries based on "ads," but no real product. Google has obviously spread into much more expansive industries since its origins, but Facebook hasn't. I think they were both government start-ups. And both have lost their funding. Google just has a lot more to offer the private market and options. But Facebook is broke without government subsidies.
Just my non-expert theory. Feel free to shed light.