Facebook, Inc. (NASDAQ:FB) has many problems that it needs to solve, but leadership is not one of them
Anyone who feels Facebook (NASDAQ:FB) could have prevented the firestorm it’s faced over the past two years as a result of the Cambridge Analytica data scandal is fooling themselves. That said, FB stock rightfully got hammered after the company took its eye off the privacy ball.
Perhaps Mark Zuckerberg and Sheryl Sandberg could have reacted differently, but when someone’s house is on fire do you question how they got out?
Growth companies, at least the ones growing as quickly as FB, don’t have a lot of time to examine their decisions. Business moves too quickly for that. All you can do is hope you’ve covered all the bases and self-correct when things fall through the cracks, as they did in 2016.
Today, as Facebook celebrates 15 years as a social-media phenomenon, it’s easy for naysayers to question the company’s leadership. But that doesn’t make the skeptics right.
Game of Thrones Culture
Former Facebook security boss Alex Stamos believes the corporate culture at the world’s leading social- media platform makes it very hard for executives to admit they’re wrong.
“The truth is there is a bit of a Game of Thrones culture — among the executives,” Stamos told CNN’s Laurie Segall recently. “One of the problems about having a really tight-knit set of people making all these decisions … if you keep the — the same people in the same places, it’s just very difficult to admit you were wrong, right?”
While Stamos is said to be respected in Silicon Valley, is it a good idea to blindside the company’s COO (Sandberg) at a company board meeting? If Stamos didn’t appreciate the Game of Thrones culture, he ought to have approached the board meeting a bit differently.
You do not win friends by stabbing them in the back.
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 153.68.
The projected upper bound is: 178.02.
The projected lower bound is: 153.19.
The projected closing price is: 165.61.
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 29 white candles and 21 black candles for a net of 8 white candles.
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 24.1229. This is not an overbought or oversold reading. The last signal was a sell 3 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 63.17. 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 3 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 40. This is not a topping or bottoming area. The last signal was a sell 3 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 8 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed down -0.750 at 165.040. Volume was 37% below average (neutral) and Bollinger Bands were 83% wider than normal.
Open High Low Close Volume___
166.860 168.340 164.500 165.040 16,292,290
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 165.83 145.61 166.99
Volatility: 66 55 49
Volume: 26,771,044 25,643,652 24,570,110
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 1.2% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on FB.O and have had this outlook for the last 25 periods.
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