Facebook, Inc. (NASDAQ:FB) Mark Zuckerberg offered a defense and explanation of how Facebook Inc. operates
After a year of scandals that battered the company’s stock, Mark Zuckerberg offered a defense and explanation of how Facebook Inc. operates Thursday.
“I want to explain the principles of how we operate,” Facebook’s chief executive said in a Wall Street Journal op-ed, as he attempted to address concerns about users’ privacy and divisive content on the social network.
“Ultimately, I believe the most important principles around data are transparency, choice and control.”Mark Zuckerberg
Countering what he said were common misconceptions, Zuckerberg said Facebook FB, +1.06% does not sell its user data, since doing so “would be counter to our business interests, because it would reduce the unique value of our service to advertisers,” and denied that “clickbait and other junk” helps the company by driving engagement. “It would be foolish for us to show this intentionally, because it’s not what people want,” he wrote.
Zuckerberg also said Facebook is committed to ridding its users’ newsfeeds of harmful or divisive content.
“People consistently tell us they don’t want to see this content,” he said. “Advertisers don’t want their brands anywhere near it. The only reason bad content remains is because the people and artificial-intelligence systems we use to review it are not perfect — not because we have an incentive to ignore it. Our systems are still evolving and improving.”
As for collecting personal data, Zuckerberg said “There’s no question that we collect some information for ads — but that information is generally important for security and operating our services as well,” adding that “we give people complete control over whether we use this information for ads.”
Overall, the bias in prices is: Sideways.
The projected upper bound is: 156.66.
The projected lower bound is: 134.92.
The projected closing price is: 145.79.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 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 23.8485. This is not an overbought or oversold reading. The last signal was a sell 5 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 55.24. 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 buy 41 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 7. This is not a topping or bottoming area. The last signal was a sell 2 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 14 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 1.530 at 145.830. Volume was 19% below average (neutral) and Bollinger Bands were 19% wider than normal.
Open High Low Close Volume___
144.640 146.440 142.520 145.830 20,955,518
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 146.59 139.53 167.26
Volatility: 26 51 48
Volume: 20,189,798 25,965,004 25,221,302
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 12.8% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 12 periods.
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