Is This The Turning Point For Facebook (fb)?

Discussion in 'Investment Charts' started by Chartman, Mar 20, 2018.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    You have to give Mark Zuckberg an award for having some front lol Now he is suggesting that governments are not regulating the internet properly. This despite the fact his company has been exposed as mining the personaly data of members and also trying to gain copyright over published photos. You really could not make it up lol
     
  2. Chartman

    Chartman Senior Investor

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    I think the term poacher turned gamekeeper springs to mind. I know you need a brass neck to succeed in business but he takes it to a different level lol
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    According to the graph there is no resistance in the short term - could possibly move back above $200 a share. However, when will investors wake up to the fact FB is nothing but a collector of information using cookies and scraping information from customer profiles.
     
  4. Chartman

    Chartman Senior Investor

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    I dont think you can call this a social media company anymore - not sure what you would call it but it does seem to be more of an information gatherer.
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Just a quick question - if the social media section is saturated, where will future growth come for FB?
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Good question - this may be why markets are not overly keen on pushing the shares back towards previous levels.
     
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