Facebook, Inc. (NASDAQ:FB) Shares Plan To Ban Deepfakes
Facebook, Inc. (NASDAQ: FB) announced on Tuesday it will remove videos modified by artificial intelligence known as “deepfakes” from its platform. The deepfakes are computer-generated footage designed to look real.
Facebook explains that manipulations can be made through simple technology like Photoshop or through sophisticated tools that use artificial intelligence or “deep learning” techniques to create videos that distort reality – usually called “deepfakes.”
The company says these videos are still rare on the internet, but present a significant challenge for industry and society as their use increases.
“Our approach has several components, from investigating AI-generated content and deceptive behaviors like fake accounts, to partnering with academia, government and industry to exposing people behind these efforts,” Monika Bickert, vice president of global policy management at Facebook, wrote in a blog post.
Videos that don’t meet Facebook standards for removal are still eligible for review. If a photo or video is rated false or partly false by a fact-checker, Facebook says it will also significantly reduce its distribution in News Feed and reject it if it’s being run as an ad.
Facebook’s stock trades around $212.60 per share. The stock has a 52-week range between $212.78 and $135.91.
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 196.84.
The projected upper bound is: 219.94.
The projected lower bound is: 207.24.
The projected closing price is: 213.59.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is 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 87.2773. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 8 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 68.37. 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 122 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 175.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 5 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 10 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 0.460 at 213.060. Volume was 12% above average (neutral) and Bollinger Bands were 36% wider than normal.
Open High Low Close Volume___
212.820 214.580 211.750 213.060 15,111,857
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 208.10 198.92 188.74
Volatility: 22 20 30
Volume: 11,402,640 13,971,840 14,972,222
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 12.9% above its 200-period moving average and is in an upward trend. Volatility is 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 56 periods.