Facebook Caught An Upper Cut To The Eye – Part II

Facebook Caught An Upper Cut To The Eye – Part II
December 20 04:46 2018 Print This Article

Facebook caught an upper cut from government regulators and Wall Street. It all started with the Cambridge Analytica scandal when facebook exposed data on up to 87 million Facebook users to a researcher who worked at Cambridge Analytica, which worked for the Trump campaign.

To add insult to that black eye, monthly active users in the U.S., Canada and Europe continue to slow down, so that bruise to Facebook’s eye may take a lot to heal.

Facebook Cut An Upper Cut To The Eye

Facebook was in the news today for more data privacy issues. According to The New York Times, Facebook shared more user data with third-party companies than it has previous admitted.

Facebook allowed Microsoft’s Bing search engine to see the names of virtually all Facebook users’ friends without consent and gave Netflix and Spotify the ability to read Facebook users’ private messages.  Facebook let Amazon obtain users’ names and contact information through their friends and it let Yahoo view streams of friends’ posts.

Source

As of the result, Facebook stock got slammed today, falling 7% or more than $10/share today.  However, the move was predicted a month ago.

The chart suggest price will continue to fall to the monthly demand at $112. 

This post is my persona lopinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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rollandthomas
rollandthomas

I'm a retail investor like most of you and learning everyday, but I have been educated and trained to identified the Smart Money on the charts to pick up whatever crumbs they leave behind.

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