Facebook again proved that the problems faced by the company will extend more in the long run. Users have reported that the social network has failed to prevent the aggressive content posted by the archer's account in churches in New Zealand. The video released was the first-person shootout.
Facebook rivals in the live streaming industry Youtube and Twitter have made a rapid prevention of the incident while the video was available in the most popular social network hours after the attack.
The news sent the shares of the company with a 1.86% drop in premarket, while the opening of the interbank market and stock exchange trading can extend the decline.
The technical price is still above 200SMA, but a break below 165 can cause serious dips and even a 50SMA 157.00 test quite quickly.
The technical formation seems rather frightening as the gaffe will be a break below the main diagonal of the latest upside trend in Facebook shares. We remain cautious about volatility.
It can not be ruled out that this short-term decline will be used by long-term investors to fill in their portfolios after the news rectification.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.