Tump`s TRUTH Social to compete with Twitter and Facebook Donald Trump announced yesterday the creation of the Trump Media & Technology Group (TMTG) which will develop and launch a new social network!
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook.
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter/Facebook platform? we know Trump is in war with them!
Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers.
if every one of them buys DWAC, the SPAC with which TMTG will merge, for only 100usd, the mk cap will be 9Bil. now the Market Cap of DWAC is 1.635B. So still a 5.5X upside.
The irony is that the same hedge funds that sponsored the campaigns of Hillary and Biden, now invested in Trump`s SPAC. :)
Investing right now could be like planting the seeds in Facebook back then.
My extremely speculative valuation is half the market cap of Twitter by year`s end, so considering half of Twitter`s mk cap and 1.7Bil valuation for TMTG at 10usd results 150usd price target!
We bought DWAC at 12.84usd in our trading group.
I look forward to read your opinion about this!
Facebook ( FB ) bullishafter facebook's mini crash ,the stock price rebounded on a long term trendline and a 360 simple moving average , the stock price has a PE ratio of 25 which is the average of all TECH sector
in overall fundamentally and technically this could be a good opportunity to buy facebook's stock
Tech Sector Returns - YTD Tech Sector Giants Returns - FY21' - YTD
FB +29.9%
MSFT +43.86%
AMZN +7.21%
GOOGL +86.58%
IMB +13.09%
AAPL +28.32%
With upcoming earnings season, Apple's latest announcement earlier this week, and the holiday season approaching, I continue to have a bullish outlook on the Tech sector overall as FY21' continues.
Facebook long opportunityEntry price: 335-340$
Target price: 352-354$
RSI: neutral, approaching 50 level, so there is potential for the future growth.
Candlestick Patterns: Hammer and Bullish Kicker
Fibonacci Extension: The last candle crossed the Fibonacci 161,8% level.
Conclusions: Candle patterns and RSI suggest bullish momentum of the asset. Moreover, the price just crossed the last resistance level, thus the long position is recommended after this resistance level will be retested as a support.
No financial advice
Facebook, 11 OCT - Elliott waves | Gann | Astrology $FBFacebook continues to unfold in 5 waves to the downside (green count).
We are looking for wave v to complete at Gann level 320 or 311.
Gann level 320 is 7 levels from the ATH, which corresponds to a 315 degree rotation on the square of 9. Level 311 would correspond to a 360 degree rotation.
Potential drivers of volatility are Mars in trine with natal Venus on 11 OCT and Venus conjunct with natal South node on 18 OCT, potentially bullish.
______________
www.constellations.trade
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas.
The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
BTO = buy to open
STC = sell to close
STO = sell to open
BTC = buy to close
TD = Theta Decay (for example a strangle or iron condor)
These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice.
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BTC's Possible Double-TOP ⚠️ 🐻 ⚠️Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BITCOIN /USDT H:4 Chart - Heiken-ashi
📌 PRICE ACTION - Fibbo - Double-Top
📍 Bitcoin may create a double-top after filling the first target of bullish-flag
✍🏼 Straight to the point, Bitcoin may create a possible double-top in H:4 and daily time-frame which can lead the price again to the 44-45k zone
✍🏼 After the vast internet shutdown and failure of centralized plat-forms such as Facebook , WhatsApp and Instagram; Bitcoin and other crypto currencies pumped big in just less than a day.
⚠️ However, from technical-analysis point of view I am just concerned about a double top at 53k price zone.
✍🏼 If the scenario 1 fails, of course BTC is going to see the 57-58k price zone more easily than everyone thinks.
⚠️ RSI in H:4 looks so much in overbought position; more than 80-85 RSI is such a dangerous zone.
LINK OF MY BULLISH-FLAG TA IS AVAILABLE BELOW, PLEASE CHECK IT OUT
THIS IS NOT A FINANCIAL ADVICE, IT IS JUST MY OPINION
FACEBOOK: FUNDAMENTAL ANALYSIS + NEXT TARGET PROJECTION 🔔Over the past few weeks, Facebook has been in the headlines for all the wrong reasons. In mid-September, The Wall Street Journal began publishing a series of investigative articles called "The Facebook Files," which criticized the social media giant for its business practices. These publications coincided with the surprise announcement that Facebook Chief Technology Officer Mike Schroepfer, who has held the position for 13 years, would step down next year. Schroepfer will be succeeded by Andrew Bosworth, who is currently head of Facebook's hardware division. Bosworth's appointment raised more questions after an internal memo from 2016 surfaced. In that memo, Bosworth stated that Facebook should continue to connect people even if "someone dies in a terrorist attack coordinated by our tools" or "takes a life by exposing someone to bullies." In early October, Frances Haugen, a former data scientist and product manager for Facebook, identified herself as a whistleblower who provided internal documents to The Wall Street Journal in an interview on "60 Minutes." Those reports prompted a new hearing before the Senate Commerce subcommittee, which began Sept. 30 and led to Haugen's Oct. 5 testimony. On Oct. 4, Facebook, Instagram, WhatsApp, and Oculus went offline for more than six hours, the most serious outage in the company's history. This ongoing string of bad news, along with a broader sell-off in tech stocks, has caused the Facebook stock to fall about 12 percent over the past month. But can these controversies really hold back Facebook's long-term growth? Or have they simply created another buying opportunity for investors who still believe in Facebook's future? The Wall Street Journal claims that Facebook is using a system called "XCheck" to shield its millions of VIP users from the usual enforcement rules, that the company turned a blind eye to how "toxic" Instagram was to teenage girls, and that an algorithm change in 2018 that was designed to increase user engagement led to sharper conflicts for audiences instead. The report also claims that Facebook didn't crack down on posts about illegal activity even after they were flagged by its own employees, that misinformation on its platform prevented many Americans from getting vaccinated, and that the company was trying to engage teenage users well before the recent development of Instagram Kids, which was suspended in late September as the Facebook Files crisis escalated. During an interview on "60 Minutes," Haugen said that whenever Facebook faced a conflict of interest between "what's good for society and what's good for Facebook," it repeatedly "chose to optimize for its own interests, like making more money." The Facebook Files and the Senate hearings alone probably won't be able to stop the growth of the tech giant. However, they could provide new support for the Federal Trade Commission's ( FTC ) crusade to break up the company, as well as an escalation of Apple's attack on Facebook's data processing practices. Last December, the FTC filed a lawsuit against Facebook, alleging that its acquisitions of Instagram and WhatsApp were anti-competitive. That lawsuit was dismissed in June, but in August the FTC filed an amended lawsuit against Facebook, in which it still insists on separating Instagram and WhatsApp. Facebook asked the court to dismiss the new suit in early October, but the Facebook Files situation could tip the scales in the FTC's favor. It could also bolster support for Apple's recent privacy update for iOS, which allows users to opt-out of data-tracking features in all apps. Last quarter, Facebook warned that Apple's iOS update would likely affect the company's growth in the second half of the year. Analysts still expect Facebook's revenue to grow 39 percent this year, thanks to an easy comparison to the initial impact of the pandemic last year but will grow only 20 percent next year as the company faces more regulatory and platform hurdles. Facebook has been hit by a barrage of negative headlines, but investors should remember that the company has already weathered numerous scandals, including the Cambridge Analytica scandal, the Myanmar genocide cases, and the Jan. 6 attack on the U.S. Capitol. Each time, critics have urged people to boycott Facebook. But Facebook continues to grow, with 3.51 billion people monthly using its family of apps (Facebook, Messenger, Instagram, and WhatsApp). Even if the FTC is successful in splitting Facebook into several smaller companies, its investors are likely to get new shares of Instagram and WhatsApp, which could bring much more profit than Facebook's core business. Therefore, Facebook will continue to expand, and the recent controversy will not significantly slow its growth-especially in foreign markets that do not follow the story of the Facebook Files. If you have moral objections to Facebook's business practices, don't buy its stock. But if you think the company is simply in the painful throes of growth, its stock still looks like a bargain at 23 times forward earnings
Will FB Stock Recover From Its Latest Controversy?It is hard to find a positive word about Facebook (NASDAQ FB), possibly for a good reason.
As the dominant social media platform, it has experienced its fair share of controversy and accusations of impropriety since its inception in 2004. Controversies that readily come to mind include misusing user data and helping bad-faith actors interfere with US elections. The latter accusation, may be a a little tenuous. nonetheless, I’m firmly in the camp that believes that the world would be better off without the platform existing. It appears that Facebook’s own research may back up this assertion, as revealed by data scientist and former Facebook Product Manager turned Whistleblower, Frances Haugen.
Facebook’s latest controversy
Haugen left Facebook in May 2021, but not before scanning thousands of pages worth of documents pertaining to internal research the Company had conducted. The research purports to acknowledge the harm that Facebook and its family of apps cause to its youngest user’s mental health, in addition to its use in spreading misinformation. This research was not openly disclosed.
Haugen spent Wednesday testifying in front of US congress and called for policymakers to consider regulating Facebook. Since 2018, Haugen argues, Facebook’s algorithm has prioritised a newsfeed that is dangerous, inflammatory, and yields unhealthy side effects.
It could be that Haugen’s whistleblowing will strengthen policymakers’ resolve to regulate Facebook.
Will the SEC get involved?
Haugen has filed eight whistleblower complaints with the Securities and Exchange Commission (SEC). As a publicly listed Company, Facebook owes a duty of care to its investors to disclose information relevant to its performance. Arguably, the results of its internal research should have been disclosed, or at the very least, the Company should not be misleading the public about its progress to combat its harmful offshoots or omitting what its research shows to be true. This is what Haugen’s expose has revealed to the SEC. If the SEC proceeds with opening a case in relation to Haugen’s allegations, FB Stock may experience a material impact.
Did FB Stock shrug off another controversy?
On the day that the whistleblower story broke, Monday 4 October, FB stock fell 2.77%. Coincidently, Facebook and its family of apps experienced a 7-hour outage on the very same day that may have heightened investors’ concerns about the stock. Although, to put the 2.77% into perspective, it should be noted that FB Stock experienced very similar and frequent drops over the course September without any obvious causes.
By the close of Wednesday, at the time of writing, Facebook has almost clawed itself back to its Monday opening price. FB stock rose 1.33% on Tuesday and another 1.18% on Wednesday.
$FB long from institutional standpoint#facebook #fb $FB is a strong buy right now. Oversold from a technical standpoint and several deviations down from the average price paid, at the bottom of an established channel, rsi and stochastic crossing up out of oversold, macd beneath the 0 line and will potentially close upside within a few days. Only bad news has come out recently meaning it is out of favor in the eyes of retail, which means banks and HF are accumulating more. Good place to get in super cheap from a relative price.
Facebook Analysis and market directionHello everyone, as we all know the market action discounts everything :)
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Facebook Stock took a big hit yesterday after the Technical problem that the company had that caused every website that the company owns to go down (Facebook-Instagram-WhatsApp) the stock dropped from 344.92 to 323.65 . That is a 6.1% drop in one day !!
The company has fixed the problem and Mark Zuckerberg Posted on Facebook saying "Facebook, Instagram, WhatsApp, and Messenger are coming back online now. Sorry for the disruption today -- I know how much you rely on our services to stay connected with the people you care about."
And Facebook posted saying "Our engineering teams have learned that configuration changes on the backbone routers that coordinate network traffic between our data centers caused issues that interrupted this communication,"
Technical Analysis with possible Scenarios for the market :
Scenario 1 :
The stock price right now is trading near the first resistance line located at 333.88 and today Candle was green showing that the stock is finding its ground after the drop.
The stock will probably go up and break the first resistance level and will be headed back to where it was a couple of days ago, The major stop for the stock will be the resistance level at 347.12 where the Bulls will have to prove how much power they have for any hope for a Bullish trend.
Scenario 2 :
The Bears were already building up for a move like this as we can see on the chart for the last one month a Short-Bearish trend has started where the stock price started dropping from the 382.95 range and reaching 338.57 at the end of September. The big battle between the Bulls and the Bears will probably happen at the support level located at 320.64 where the direction of the market will be determined by who wins that battle.
Technical Indicators show :
1) The market is below 5 10 20 50 and 100 MA and EMA but still above the 200 MA, EMA which indicates a Bearish movement for the near future but Bullish for the long run.
2) The MACD is below the 0 line indicating that the market is in a Bearish state, With a negative crossover between the MACD line and the Signal line.
3) The STOCH has reached the oversold zone and looks like it's getting ready to go back up again.
Daily Support & Resistance points :
support Resistance
1) 320.64 1) 333.88
2) 315.05 2) 341.53
3) 307.40 3) 347.12
Weekly Support & Resistance points :
support Resistance
1) 335.73 1) 352.73
2) 328.44 2) 362.44
3) 318.73 3) 369.73
Fundamental point of view :
Facebook took another pounding in the U.S. Congress on Tuesday and a senator called on federal regulators to investigate accusations by a whistleblower that the company pushed for higher profits while being cavalier about user safety.
In an opening statement to a Senate Commerce subcommittee, chair Senator Richard Blumenthal, a Democrat, said that Facebook knew that its products were addictive, like cigarettes. "Tech now faces that big tobacco jaw-dropping moment of truth," he said.
He called for Facebook CEO Mark Zuckerberg to testify before the committee, and for the Securities and Exchange Commission and Federal Trade Commission to investigate the social media company. According to Reuters
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
EURUSD - MY BULLISH BIAS SHARED!!News at 3pm london time high impact. A big structure break to the upside leaving accumulation. Price needs to head back into discount on the weekly. A buy scenario seems to fit the puzzle, but this trade is one of the next 100. A short term low will be taken out before where my entry will be sitting and waiting.