Facebook, Inc. (NASDAQ:FB) testing a meme-creation app called Whale
Facebook’s testing out its latest bizarre spin-off app aimed at recapturing its youthful audience — in this case, a meme creation app called Whale.
From what we can tell, the purpose of the app is to make meme creation easier by packaging together stock images and basic photo-editing tools. You can apply filters, crop, add emoji and stickers, and “share to social media and message threads right from the app,” according to the app’s description.
The creator of the app is listed as “NPE Team from Facebook.” According to The Information, this is the name of an internal testing group at Facebook called New Product Experimentation. It’s also got two other apps available, called Aux and Bump, both of which appear to be aimed at students.
It’s not available to everyone yet — at time of writing, it’s only available in the Canadian App Store. And even if eventually sees wider release, there’s no telling whether or not it’ll last. While Facebook’s scrapyard of failed ideas isn’t anything to compare with Google’s, not everything it’s put out is gold — just ask the Bonfire app.
It seems pretty obvious which demographic this app is aimed at. As with Threads, the Instagram version of Messenger, it seems Facebook is pulling out every stop in its attempt to reach meme-addicted youths. According to Pew research published earlier this year, around half of American teens use Facebook. That may sound like a lot, but it’s definitely not a demographic where FB has the greatest grip — especially not compared with its past successes. It’s continuously losing ground to the likes of Snapchat and, most recently, TikTok.
And, while I think it’s a bit reductive to aim for an entire generation of people just with memes, it could be some fun to play around with. Depending on how many stock meme images it has in its library, it might even be useful. That Cat-Drake meme you can see in the featured image above actually looks like something made by someone who’s seen a meme once or twice in their life, I’ll give them that.
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 188.14.
The projected upper bound is: 207.39.
The projected lower bound is: 191.78.
The projected closing price is: 199.58.
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 26 white candles and 24 black candles for a net of 2 white candles.
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 89.7968. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 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 66.59. 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 90 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 194.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 9 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 2 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 1.920 at 199.320. Volume was 31% above average (neutral) and Bollinger Bands were 23% narrower than normal.
Open High Low Close Volume___
197.400 200.000 196.860 199.320 18,725,730
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 193.51 187.01 182.88
Volatility: 21 27 31
Volume: 12,796,578 13,864,882 15,661,703
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 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 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 24 periods.
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