Facebook, Inc. (NASDAQ:FB) announced it took down the accounts for “inauthentic behavior.”

Facebook, Inc. (NASDAQ:FB) announced it took down the accounts for “inauthentic behavior.”

Facebook, Inc. (NASDAQ:FB) announced it took down the accounts for “inauthentic behavior.”

Facebook has been regularly removing fake accounts in its fight against disinformation, but the company’s latest announcement presented a twist — artificially generated profile pictures.

Facebook recently announced that it had taken down a network of accounts for “inauthentic behavior” (i.e. accounts assuming false identities), and mentioned that some of them had used artificially created profile pictures.

“Some of these accounts used profile photos generated by artificial intelligence and masqueraded as Americans,” the statement said.

The social media company said it found the accounts through an internal investigation, but the takedown came just a few days after researchers from independent fact-checking organizations unearthed many of the accounts.

Facebook’s investigation found accounts linked to U.S.-based media company The BL using AI-generated profile pictures from the site ThisPersonDoesNotExist.com — a site created by a researcher at the University of Michigan to help educate the public about fake images. Each time you refresh that page a new photo is generated. The resulting images look like someone who could be mistaken for anyone’s teacher, butcher or bus driver but none of them actually exist.

The faces are all artificially created using technology similar to what goes into “deepfake” videos, where real videos are edited to make the subjects appear to speak words they never uttered.

The report says that of the more than 900 accounts taken down, “dozens” had used these AI-generated fake faces as profile pictures. The pictures look completely normal to the naked eye but expert analysis shows telltale signs that the photos have been manipulated as outlined in this example below from the report. In the picture “Mary Keen” looks like a real person but Graphika and DFRLab experts found inconsistencies in her neckline, some of the color compression and some of the background images.

The 610 Facebook accounts, 89 Facebook pages, 156 Groups and 72 Instagram accounts originated in Vietnam and the U.S.

“The people behind this activity made widespread use of fake accounts — many of which had been automatically removed by our systems — to manage Pages and Groups, automate posting at very high frequencies and direct traffic to off-platform sites,” Facebook said in its report.

“The Page admins and account owners typically posted memes and other content about US political news and issues including impeachment, conservative ideology, political candidates, elections, trade, family values and freedom of religion.”

Facebook linked the accounts to the Epoch Times, an online site launched in 2000 with close ties to the Falun Gong movement which is banned in China.

ABC News recently spoke with Ivan Braun, who created a similar site Generated.Photos, which also uses AI to create fake photo portraits. ““It’s like Photoshop except instead of editing pixels you can edit objects and people. You can edit the mood of the person. You can make him happier or younger or a different ethnicity,” said Braun. He claims he created the tool to be used for marketing or stock photography but admits that the technology could be misused. “It’s definitely a problem with Facebook for example”, he said. “Right now if you take an image from Google images and post it as your profile picture, you can get your account blocked immediately. With fake photos it’s a little different”.

Braun highlighted that the technology is easily accessible and doesn’t see Generated.Photos as a security risk. Last June, experts told a House committee hearing that instructions on how to create deepfakes were easily accessible on the internet and that a high school student without AI expertise could create a manipulated photo or video overnight. Instead he says people need to educate themselves as to how they consume media.

“We shouldn’t presume anymore that any photo or video is authentic'” said Braun. “Before the internet everything printed went through some sort of fact check. People presume anything that is printed is truth, but it’s not anymore. I think people of an older generation in particular struggle with this,” he added.

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 195.27.

The projected upper bound is: 212.71.

The projected lower bound is: 198.56.

The projected closing price is: 205.64.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

Momentum Indicators

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 43.0637. This is not an overbought or oversold reading. The last signal was a sell 4 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 58.55. 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 118 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 36. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 6 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 0.840 at 205.250. Volume was 33% below average (neutral) and Bollinger Bands were 6% wider than normal.

Open     High      Low     Close     Volume___
203.995 205.560 203.600 205.250 8,962,756
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 205.01 196.93 187.81
Volatility: 20 23 30
Volume: 13,613,832 13,908,586 15,087,029

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.

Summary

FACEBOOK INC A is currently 9.3% 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 52 periods.

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