Facebook, Inc. (NASDAQ:FB) The Future is Private
Facebook has restricted public access to a feature that has been used to pursue war criminals, expose human rights abuses and identify corrupt officials.
The social media giant — which had vowed to become more transparent about its operations — last week quietly “paused” public access to a feature called Graph Search without giving any indication when or if open access might be restored.
The throttling of access represents one of the most visible and significant changes to its network in the wake of the Cambridge Analytica scandal last year.
Graph Search was a feature which allowed users to extract specific public data from Facebook’s vast trove of stored information, above and beyond what simple keyword searches could achieve.
While Facebook has not given a detailed explanation for the “pause”, it is thought to be related to the company’s recent announcements about a change of focus.
“The future is private,” Facebook co-founder and CEO Mark Zuckerberg said in April, responding to a series of data privacy and security lapses which have left the company wounded and on the defensive.
Bellingcat’s Henk Van Ess said the blocking of access to Graph Search jeopardised several ongoing investigations, including one monitoring human trafficking.
“This is impacting some of the most important institutions in society — it helped save lives,” he said.
Mr Van Ess said despite Facebook’s claims about protecting the privacy of its users, those who were paying to advertise on the platform still had access.
“Facebook now considers searching public data a privacy disaster, but they continue to allow advertisers to target the audience with ads with way more privacy-related options,” he said.
In a statement to news website Vice, a Facebook spokesperson said: “The vast majority of people on Facebook search using keywords, a factor which led us to pause some aspects of Graph Search and focus more on improving keyword search.
“We are working closely with researchers to make sure they have the tools they need to use our platform.”
Overall, the bias in prices is: Sideways.
The projected upper bound is: 187.89.
The projected lower bound is: 167.18.
The projected closing price is: 177.54.
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 24 white candles and 25 black candles for a net of 1 black 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 76.2233. This is not an overbought or oversold reading. The last signal was a sell 1 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 49.00. 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 7 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 17. This is not a topping or bottoming area. The last signal was a buy 4 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 1 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A (FB.O)
as of 13/06/2019
FACEBOOK INC A closed up 2.430 at 177.470. Volume was 27% below average (neutral) and Bollinger Bands were 16% wider than normal.
Open High Low Close Volume___
175.530 178.030 174.606 177.470 12,253,569
Moving Averages: 10-period 50-period 200-period
Close: 172.44 181.79 161.33
Volatility: 58 37 42
Volume: 22,644,034 16,917,838 21,964,210
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 10.0% above its 200-period moving average and is in an downward 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 bearish on FB.O and have had this outlook for the last 18 periods.
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