<center>https://mentormarket.io/wp-content/uploads/2019/06/fb.png</center> <br/><blockquote class="wp-block-quote"><p>Shares of social network Facebook (NASDAQ: FB) slid as much as 9.3% on Monday. As of 3:24 p.m. EDT, the stock was down 7.5%.</p><p>The stock's pullback follows news that the Federal Trade Commission (FTC) was assigned jurisdiction to see whether Facebook's dominance harms competition, The Wall Street Journal reported.</p><p>"The FTC secured the rights to begin a potential investigation of Facebook and whether it has engaged in unlawful monopolistic practices," wrote the Journal's Brent Kendall and John D. McKinnon, citing people familiar with the matter.</p><p>"The fact that the commission formally secured jurisdiction on those issues suggests it is considering even more rigorous scrutiny of the social media giant," the authors added.</p>
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<p><a href="https://finance.yahoo.com/news/why-facebook-stock-fell-monday-214500501.html">Source</a></p>
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<p>Many say 2018 was the peak in Facebook due to scandal after scandal after scandal.  Specifically it was July of 2018, when the stock drops roughly 20% and lost $120 billion in value after warning that revenue growth will take a hit and slowing user growth.</p>
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<p>I have no idea if Facebook peaked or not, but at some point, it becomes the law of large numbers.  The law of large numbers indicates that a large entity that is growing rapidly cannot maintain that growth pace forever.</p>
<p>All I can go off of his what the charts are telling me and the charts suggests price is headed down to the daily demand at $142.50.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-63-1024x488.png" alt="" class="wp-image-21204" />
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This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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