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FB - Facebook

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Apr 4, 2016.

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  1. StockJock-e

    StockJock-e Brew Master
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    The number of people using Facebook daily in North America dropped for the first time
    • Facebook reported 184 million daily average users in Q4 2017, down from 185 million in Q3.
    • It is the first such drop since Facebook began reporting these numbers in its earnings report.
    • It suggests that Facebook's most lucrative market has become saturated in terms of usage, which means it will have to add more ads, or charge more for ads, to keep growing.
     
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  2. StockJock-e

    StockJock-e Brew Master
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    I stopped using Facebook a long time ago.

    I still go on to wish happy birthday to a few people, but thats about it.
     
    OldFart and fireopal like this.
  3. T0rm3nted

    T0rm3nted Moderator
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    I'm in one Facebook group with some gamer friends who I meet up with once a year to hang out, we still play games online a couple times a week though. That's all I do on Facebook.
     
  4. StockJock-e

    StockJock-e Brew Master
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    Has nobody set up a discord server yet?
     
  5. T0rm3nted

    T0rm3nted Moderator
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    We have and that's how we communicate in game, but most prefer the FB group for posting about new upcoming games, life stuff, sports stuff, etc.
     
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  6. T0rm3nted

    T0rm3nted Moderator
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    Down 6% today, could be support here at the 200MA... 10% upside after the bad news passes.

    upload_2018-3-19_9-51-20.png

    Facebook’s Role in Data Misuse Sets Off Storms on Two Continents
    Source: https://www.nytimes.com/2018/03/18/us/cambridge-analytica-facebook-privacy-data.html

     
  7. StockJock-e

    StockJock-e Brew Master
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    Im reading over all news, so what was the illegal part of all this?
     
  8. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Good question. I think it's unclear at the moment. WaPo ran an article yesterday that suggested FB could be in violation of a "landmark" 2011 FTC consent decree regarding FB's handling of user's privacy.

    Whether the current FTC would investigate this is anybody's guess.
     
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  9. Onepoint272

    Onepoint272 Well-Known Member

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    FB appears to have been under distribution from the smart money to the dumb money since the end of July 2017. The volatility has been increasing throughout that time as the smart money shovels shares from their vaults and the public takes ownership of more and more of the stock. The public is news sensitive and fewer and fewer big players remain interested in supporting the price. Meanwhile the press digs up and sells stories to the public. The big players like the stories because it diverts the public's attention away from the real rules of the game.
     
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  10. T0rm3nted

    T0rm3nted Moderator
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    So essentially, the 1% made the money they wanted, slowly distributed the stock to the general public, pushed some bullshit articles out, in plans to re-purchase at a more favorable price. Rinse and repeat.
     
  11. StockJock-e

    StockJock-e Brew Master
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    This Cambridge Analytica story is getting better and better, yet as far as I understand, once you click on something on facebook, you are granting somebody access to your profile, this is known.

    It looks like the issue here is that the data was not supposed to be shared with 3rd parties if I understand it.

    Which begs the question, if you are an analytics firm mining for data, what good is it if you can't share it with a client?
     
  12. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Following up from yesterday, Bloomberg is reporting that the FTC is "probing whether Facebook violated terms of a 2011 consent decree over its handling of personal user data that was transferred to Cambridge Analytica without users’ knowledge."
     
  13. StockJock-e

    StockJock-e Brew Master
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    Im still trying to read into the issue here.

    If you filled out some personality test, what data other than maybe the names of your friends can an app access?

    From what Im seeing, its just the basics like name or what ever they put up in the public profile.

    I think the issue here that they were not supposed to scrape data on friends, which Cambridge Analytica blatantly ignored.
     
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The Facebook business will be fine. Users are NOT their customers. In truth, I think their actual customers (Advertisers!) may be happy to hear this news, that it's possible to get more than they paid for.

    What are users going to do anyway? "Delete" their Facebook? Sure, users can delete the public page URL, but Facebook ain't deleting that repository of information lol :D They're keeping it on their servers, if you got a page or not. Active users almost is a fictional issue, what really(?) matters is how many users ever signed up.
     
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  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    https://apnews.com/8c3404454fe844a1a2389198a327cd9f

    How to delete Facebook Forever (and I quote here)
    "Once you’ve saved everything and gone through your activity log, sign in one last time. Go to http://bit.ly/198wIoI and click on the blue button. You can’t get that from the settings page, as Facebook, it may seem, doesn’t want you to leave. Facebook says the process could take a few days. Your delete request will be cancelled if you log back in during this time. Facebook says it may take up to 90 days for all the data associated with your account to be wiped, but you can’t change your mind after the first few days are up."

    Can we all agree here, that this clearly says your data is not deleted until Facebook decides to delete it? Regardless of what you're trying to do.

    Rhetorically I ask, what happens in those 90 days after the user decides to delete?
    I'm pretty sure that's when they move your data from the online server to the offline server. And make it look like your info has been deleted.
     
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  16. StockJock-e

    StockJock-e Brew Master
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    Oh man, another leg down!

    Im starting to feel bullish here very soon!
     
    Onepoint272 likes this.
  17. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    I like how FB bounced at the sub-150 level where there was some consolidation last summer. And it just entered oversold territory.

    FB 2018-03-26 at 12.24.29 PM.png
     
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  18. Elliottwave-Forecast.com

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    Did Data scandal Sink Facebook, The Social Networking Website?

    Facebook has been on the news lately when the world discovered that more than 50 million users had their personal data breached with the downloading of Kogan’s Application, a data harvesting route, which due to the lax of structure of Facebook’s APIs at the time, allowed the foreign political consultancy firm to acquire information on more than 50 million Facebook users according to the Observer reports. Facebook has lost around $80 billion in Market value since the data scandal become public and creating fear among investors. As we keep mentioning that news and scandals come at the right time when the Market is ready for a pullback. We have been saying that the financial world was ready for a multi-month correction in 2018 and Facebook is also part of that world. Facebook trades the same side as many World Indices do and consequently, the data breach is the perfect case to justify the correction. We know it’s hard to digest that the Market follows a code and they work in a perfect sync, but we do understand the concept and see the patterns develop and happening with a perfect timing. Facebook is showing an impulsive Elliott wave advance since it’s IPO back in 2012 and can be counted completed based just in Elliott wave Theory. However, we do understand The One Market concept and consequently, we believe Facebook stock is currently doing a wave (IV) pull back and another high within this cycle remains a possibility and would be the ideal scenario. The chart below shows the Impulse advance since the lows at 2012 and how the instrument is within the channel and how we like still another high to happen from the Blue Box.

    Facebook Elliott Wave Analysis: Weekly View
    [​IMG]

    Based in World Indices sequences, we expect Facebook stock to push higher when the World Indices renew the trend after finishing the current pull back which started back in January 2018 and rally into the 2020-2022. It is from there, that we can see the biggest correction in World Indices and also in Facebook stock when it could pull back to correct the entire cycle from 2012 low. As we said earlier, based on subjective nature of Elliott Wave Theory, cycle from 2012 low could be counted completed as well but given a choice between calling the cycle completed or another high to end the cycle, we are going with another high because when we overlay Facebook with the $Nikkei Index’s incomplete sequences, we can see another high to end the cycle in Facebook makes more sense. The following chart shown the $Nikkei sequences overlaid with Facebook.

    [​IMG]

    We tend to see the trend and the logic which implies that the Data scandal should not sink the company and in fact it is just another opportunity for the bulls to buy the stock for a new all time high or a larger 3 waves bounce at least to get into a risk free position.
     
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  19. internationalstocks

    internationalstocks Active Member

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    Short Facebook
     
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  20. fireopal

    fireopal Well-Known Member

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    internationalstocks likes this.

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