Facebook, Inc. (NASDAQ:FB) accused in a lawsuit of failing to warn users about the dangers of its single sign-on
Facebook – Facebook was accused in a lawsuit of failing to warn users about the dangers of its single sign-on tool, which can be used to access third party apps and services using Facebook login credentials.
Single sign-on connects users to third-party social apps and services using their Facebook credentials.
The lawsuit, which combined several legal actions, stems from Facebook Inc’s worst-ever security breach in September, when hackers stole login codes – or “access tokens” – that allowed them to access nearly 29 million accounts.
“Facebook knew about the access token vulnerability and failed to fix it for years, despite that knowledge,” the plaintiffs said in a heavily redacted section of the filing in the U.S. District Court for the Northern District of California in San Francisco.
Facebook has revealed few details since initially disclosing the attack, saying only that it affected a “broad” spectrum of users without breaking down the numbers by country.
The attackers took profile details such as birth dates, employers, education history, religious preference, types of devices used, pages followed and recent searches and location check-ins from 14 million users.
For the other 15 million users, the breach was restricted to name and contact details. In addition, attackers could see the posts and lists of friends and groups of about 400,000 users.
They did not steal personal messages or financial data and did not access users’ accounts on other websites, Facebook said.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 193.46.
The projected lower bound is: 174.56.
The projected closing price is: 184.01.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
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 22.2867. This is not an overbought or oversold reading. The last signal was a buy 7 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 41.71. 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 24 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 -62. This is not a topping or bottoming area. The last signal was a buy 1 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 sell 20 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 1.110 at 183.700. Volume was 24% below average (neutral) and Bollinger Bands were 24% wider than normal.
Open High Low Close Volume___
183.750 185.100 182.360 183.700 12,844,832
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 184.92 191.59 168.56
Volatility: 45 32 41
Volume: 15,224,105 16,569,947 20,186,780
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 is currently 9.0% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FB.O and have had this outlook for the last 12 periods.