# Facebook Shares Drop After Trump Ban

Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice.

Canonical HTML: https://www.livetradingnews.com/facebook-shares-drop-after-trump-ban
Last modified: 2021-01-11

---

By Shayne Heffernan · 2021-01-11
Tags: Shayne Heffernan on Investments, Stocks, Headline News, Top Stories, Facebook, Shayne Heffernan, US Stocks, Shayne Heffernan, Facebook
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Facebook sank as much as 4.5% on Monday as investors continued to balk at the platform's ban of President Donald Trump.

The slide saw $33.6 billion erased from Facebook's market cap at intraday lows. Shares have since pared some losses and now trade about 2.6% lower.

While Facebook is far from the only platform to ban Trump, it is among the largest to do so. 

Investors likely fear that the move will lead pro-Trump users to boycott the website and congregate elsewhere. 

Right-wing social-media platform Parler was poised to take in such users until Amazon removed the website from its hosting service.

Facebook closed down -10.730 at 256.840. Volume was 50% above average (neutral) and Bollinger Bands were 44% narrower than normal.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

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 is currently 4.2% above its 200-period moving average and is in a downward trend. 

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Volatility is extremely high when compared to the average volatility over the last 10 periods. 

There is a good possibility that volatility will decrease and prices will stabilize in the near term. 

Our volume indicators reflect volume flowing into and out of Facebook at a relatively equal pace (neutral). 

Our trend forecasting oscillators are currently bearish on Facebook and have had this outlook for the last 19 periods.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Overall, the bias in prices is: Downwards.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 5 white candles and 5 black candles. 

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.

---

This Markdown mirrors https://www.livetradingnews.com/facebook-shares-drop-after-trump-ban. The HTML page is canonical.
Site index for AI clients: https://www.livetradingnews.com/llms.txt