SHorting FB due to BBands at top, RSI over bought, and MacD down. plus FB hasn't reported a solid earning without the Privacy and Ad changes it was force to make in early Q1. Young people are done with FB. Its the new linked in for old families.
Check out insider selling on FB last 3 weeks... right before earnings the rats get out
Lvrge
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Its the new linked in for old families... LOL you're obviously not a millennial. FB owns Instagram, the most active social media platform in the world. Instagram isn't going anywhere - they basically destroyed Snapchat. Ad spend on the platform will only increase YOY. The noise surrounding privacy issues has not fazed any users.
TheStockMarketSniper
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@Ms87, facebook membership is down. Facebook ad revenue is down. And facebook will soon have to answer to shareholders about true numbers of bots and fake or double accounts as well as in the process of getting slapped with a rumored to be $5 BILLION dollar record setting privacy penalty. Time will tell short term but i still hold belief that the top has been had for their main product. But i do respect ur opinion and glad to have some good back and forth instead of the meme spamming on stocktwits lol