Facebook Inc said it is launching its dating service in 32 European countries after the rollout was delayed earlier this year due to regulatory concerns.
The social media company had postponed the rollout of Facebook Dating in Europe in February after concerns were raised by Ireland’s Data Protection Commissioner (DPC), the main regulator in the European Union for a number of the world’s biggest technology firms including Facebook.
The DPC had said it was told about the Feb. 13 launch date on Feb. 3 and was very concerned about being given such short notice.
It also said it was not given documentation regarding data protection impact assessments or decision-making processes that had been undertaken by Facebook.
Facebook Dating, a dedicated, opt-in space within the Facebook app, was launched in the United States in September last year. It is currently available in 20 other countries.
In a blog post on Wednesday, Kate Orseth, Facebook Dating’s product manager, said users can choose to create a dating profile, and can delete it at any time without deleting their Facebook accounts.
The first names and ages of users in their dating profiles will be taken from their Facebook profiles and cannot be edited in the dating service, Orseth said, adding that users’ last names will not be displayed and that they can choose whether to share other personal information on their profiles.
Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces.
The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.
Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends.
Messenger allows communicating with people and businesses alike across a range of platforms and devices.
WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms.
Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others.
Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 259.69.
The projected upper bound is: 298.64.
The projected lower bound is: 259.72.
The projected closing price is: 279.18.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 3 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 45.7884. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 59.94. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 33 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 157.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 15 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 11.170 at 278.730. Volume was 18% above average (neutral) and Bollinger Bands were 27% narrower than normal.
Open High Low Close Volume 279.560 283.050 276.370 278.730 28,998,638
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 269.23 268.77 224.76 Volatility: 42 45 58 Volume: 18,849,192 22,462,292 23,648,398
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FACEBOOK INC A gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
FACEBOOK INC A is currently 24.0% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into FB.O (mildly bullish). Our trend forecasting oscillators are currently bullish on FB.O and have had this outlook for the last 0 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.