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Facebook Troubled Snafu

ที่อัปเดต:
Facebook has less than 90 days to respond to IRS demands for all asset allocations from Facebook US to Facebook Ireland from 2010 to present day. Oct. 27 is the deadline the IRS has given Facebook, which is same week FB will report earnings. The cost associated with assets moved could cost FB 5 billion $ in tax liabilities. FB is sure to appeal if they are ordered to pay $5 billion in tax liabilities, but legal cost will go up tremendously as the IRS wages wars against the largest companies avoiding paying Uncle Sam.

If the IRS waged war against Facebook is not enough, Snapchat suing Facebook-Instagram is even a bigger story. Facebook is doing everything Snapchat is doing, because Facebook is losing its edge against Snapchat. Time spent on Facebook continues to go down, which is a problem for advertisers / FB investors.

Lastly, Twitter is launching it's own Twitter Live video streaming. Twitter has notched many significant sports broadcasting rights, some of which FB outbid TWTR, but the networks and leagues (NFL) took Twitter's low bid. Twitter Live could actually save TWTR stock in upcoming months (next year) and many of Facebook-Snapchat followers will quickly move to Twitter's premium live streaming content, this will be negative factor for the future of Facebook.

Chart

From the chart I took the low from 2012 to the recent high post 2nd quarter earnings 2015 and used a simple method of .50 h/l to show where important support-resistance are held. You can also find similar price points are where pre-earnings daily closes are also where the .50 h/l levels are located.

I expect the IRS news will impact next quarter earnings as well as Snapchats snafu with Facebook stealing it's image. My predicted price is $100 area. 20% loss, several weeks post Q3 earnings October 28.
บันทึก
My predicted price is $100 area. 20% loss, several weeks post Q3 earnings October 28. However, believe a larger move to $86.3, 32.8% loss is with in reach. More than likely the latter if we find out about Snapchat pursuing legal actions vs Facebook in the 3Q results.
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