According latest announcement from FB, the company will restore news in Australia after discussion with the government.
Why this is important to me as FB investor?
3 Reason
1. Massive market opportunity
FB decided to barred Australians from finding or sharing news on its service last week, with this action restricted publishing from media company. And we cant imaging the how much the losses on ad from those postings. According source, there is total 13m FB users in Australia - this is business.
2. Showing pricing power to competitor
FB is decided to barring media company to posting news, which is against the Australia government policy. Indirectly we can understand that the company is believe gov wont pass the bill because Australians might loser on this move. But, Google is opted to obey decisions from gov. Definitely, FB telling the world now my service is become necessities now.
3. Technical Analysis
Price is tested MA 200 again, expecting share price rebounding and strong resistance on between 280 - 290. Might be a strong uptrend signal.
*Share your idea below to benefit fellow investors
*FYI this is not purchase and sale advice
Thank you
Follow me for daily financial news snap short.
Why this is important to me as FB investor?
3 Reason
1. Massive market opportunity
FB decided to barred Australians from finding or sharing news on its service last week, with this action restricted publishing from media company. And we cant imaging the how much the losses on ad from those postings. According source, there is total 13m FB users in Australia - this is business.
2. Showing pricing power to competitor
FB is decided to barring media company to posting news, which is against the Australia government policy. Indirectly we can understand that the company is believe gov wont pass the bill because Australians might loser on this move. But, Google is opted to obey decisions from gov. Definitely, FB telling the world now my service is become necessities now.
3. Technical Analysis
Price is tested MA 200 again, expecting share price rebounding and strong resistance on between 280 - 290. Might be a strong uptrend signal.
*Share your idea below to benefit fellow investors
*FYI this is not purchase and sale advice
Thank you
Follow me for daily financial news snap short.