Facebook, Inc. (NASDAQ:FB) to pay ‘subset’ of news tab publishers

Facebook, Inc. (NASDAQ:FB) to pay ‘subset’ of news tab publishers

Facebook, Inc. (NASDAQ:FB) to pay ‘subset’ of news tab publishers

Facebook said Monday it plans to pay only a portion of the publishers whose stories appear in a news “tab” set to launch in the weeks ahead.

Facebook recently confirmed plans for a News Tab that will be edited by seasoned journalists, in a departure from its longstanding practice of letting algorithms dictate a user’s experience.

A human team will select relevant, reliable breaking and top news stories.

“The number of publishers included in the news tab will grow over time,” Facebook spokeswoman Mari Melguizo said in response to an AFP inquiry.

“To ensure we’re including a range of topic areas, we’ll start by paying a subset of publishers who can provide a steady volume of fact-based and original content.”

A Wall Street Journal report earlier Monday said Facebook planned to pay about a quarter of the estimated 200 news organizations whose articles will be featured.

The tab will be separate from the trademark news feed at Facebook that displays updates and content from people’s friends, according to the California-based online social network.

Aside from human-curated top news, sections of the tab will rely on algorithms to figure out a user’s interests based on “signals” such as pages followed, interactions with online news or subscriptions to publications.

“Our goal with the News Tab is to provide a personalized, highly relevant experience for people,” Facebook head of news partnerships Campbell Brown told AFP when the coming feature was revealed.

However the majority of stories people see will be determined by software, according to Brown.

Facebook Watch already allows users to peruse news shows funded by the social network and other on-demand online content.

Facebook has launched an array of initiatives to support or bolster journalism in recent years as social media has been under intense pressure to avoid becoming a tool to spread misinformation.

Earlier this year Facebook co-founder and chief executive Mark Zuckerberg said he wanted “to make sure that to the extent that we can, we’re funding as much high-quality journalism as possible.”

The move comes with online platforms Facebook and Google dominating the market for online advertising, making it harder for traditional news organizations to gain traction in digital. The two internet giants have unveiled several initiatives aimed at helping the news industry and professional journalism.

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 186.86.

The projected upper bound is: 186.77.

The projected lower bound is: 168.58.

The projected closing price is: 177.67.

Candlesticks

A white body occurred (because prices closed higher 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 21 white candles and 29 black candles for a net of 8 black candles.

A bullish harami occurred (where the current small white body is contained within an unusually large black body). During a downtrend (which appears to be the case with FACEBOOK INC A) this pattern implies an end to the decline as the bears appear to have exhausted themselves.

During an uptrend the bullish harami pattern is bearish as the bears appear to be gaining strength as the bulls weaken.

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.

Momentum Indicators

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 14.9113. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 15 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 37.92. 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 54 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 -132.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed up 0.980 at 178.080. Volume was 29% below average (neutral) and Bollinger Bands were 28% narrower than normal.

Open     High      Low     Close     Volume___
177.870 178.670 176.850 178.080 11,071,425
Technical Outlook 
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 184.25 187.41 174.99
Volatility: 26 31 39
Volume: 14,403,333 14,614,820 18,054,926

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.

Summary

FACEBOOK INC A is currently 1.8% above its 200-period moving average and is in an downward trend. Volatility is relatively normal 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 0 periods.

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