Meta Platforms Inc (META) News

META's Reverse Island - Two More Mag Seven Islands to Monitor
By: Erin Swenlin | April 26, 2024

Whenever we see price gapping up or down, as happened with META in February, we prepare for the possibility of an island reversal. After the gap up, price forms a cluster, the island, and we ponder the possibility of a gap down to complete the reversal. During the formation of META's island, news coverage was very positive, but yesterday's earnings report made investors unhappy, and META really took a dive, jumping down across the gap.

While some might have been surprised by the final resolution, the chart gave ample clues, as there were negative divergences on both the PMO (price) and OBV (volume).



There was also a PMO negative divergence on the weekly chart.



Island reversals can happen to the downside as well as the upside.

However, we have two more island formations to monitor in the intermediate term. Neither appears that dangerous, as the clues we had on META are not visible on Amazon (AMZN) and NVIDIA (NVDA)...

* * *

Conclusion: META experienced a reverse island execution on earnings. Now we watch and wait to see what AMZN will do going into earnings as it is vulnerable to a gap down. NVDA doesn't report again until next month and thus is not as vulnerable to a reverse island decline.

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Cathie Wood & Ark Invest's Buys 13,494 Shares of Meta Platforms Inc. (META)
By: Ark Invest Daily | April 26, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/26.



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Cathie Wood & Ark Invest's Buys 27,961 Shares of Meta Platforms Inc. (META)
By: Ark Invest Daily | April 25, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/25.



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META Tanks After Sell Call
By: Hedgeye | April 25, 2024

In today's Early Look, Hedgeye CEO Keith McCullough highlighted our Communications analyst Andrew Freedman's impressive Short call ahead of earnings which caused the stock to fall -15%.

It's not just META that is feeling the pain... TSLA and AAPL have seen their stock prices fall from recent highs, effectively eliminating them from the Magnificent 7.



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Uh?

Get help

$META $322 Million Singular Dark Pool Print
By: Cheddar Flow | April 25, 2024

• $META $322M Singular Dark Pool Print

it is possible that this institution is interested in Meta after its post-earnings performance

More prints like this would give confirmation of institutional interest around 430.



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One can only hope…..

- JMHO

This goes down the day before a GDP loss…
Really??
Make free market capitalism great again

ZUCK IS GOING TO PRISON FOR WHAT HE DID IN 2020!!!!!!!!!!!!!

META ISN'T A REAL COMPANY, ITS A DARK MONEY FUNDED DATA MINING OPERATION!!!!!!!!!

ZUCK IS GUILTY OF SEDITION AND ELECTION INTERFERENCE!!!!!!!

HE IS A TRAITOR!!!!!!!!!!!!

HE SPEAKS CHINESE.... GO FIGURE!!!!!!!

Does this company have a call center? I can't get into my other profile set up for stock chat. Thx.

WHERE DID ALL THE SMUG ZUCK FANBOYS GO?????

ZUCKERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ROTFLMAO!!!!!!!!!!!!!!!!

META $418.85 -77.25 (-15.57%) ZUCKED & BLEEDING!!!!!

YES, THAT IS THE GAP WAITING TO BE FILLED!!!!!

Zucked

Wow

Back to $400 lmao

And now those calls are worthless.

META $429.23 -64.27 (-13.02%) FANBOYS GOT ***ZUCKED***!!!!!!!!!!!!!

ROTFLMAO!!!!!!!!!!

https://www.investopedia.com/meta-shares-fall-after-executives-highlight-a-volatile-macro-environment-8382862

The AI narrative is still alive and well.

Executives and analysts remain optimistic, citing strong business fundamentals and advertiser demand, along with opportunities from artificial intelligence (AI).

META is Down $52.11 or 10.56% after reported earnings, as I post.

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Facebook $META Just Reported Earnings: Double Beat
By: Evan | April 24, 2024

• Facebook $META Just Reported Earnings

EPS of $4.71 beating expectations of $4.36
Revenue of $36.46B beating expectations of $36.22B

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$META reports earnings today after the markets close, Wall ST is expecting numbers of...
By: Evan | April 24, 2024

• Facebook $META reports earnings today after the markets close, Wall ST is expecting numbers of

EPS of $4.36 up 98.1% YoY
Revenue of $36.22B up 26.4% YoY

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$META 520c Call OI for the July 19th expiration has remained stable all week, ahead of earnings later today
By: Cheddar Flow | April 24, 2024

• $META 520c Call OI for the July 19th expiration has remained stable all week, ahead of earnings later today

This is a strike that has a lot of interest.



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~bought 4/26 $660 calls @.12c lotto

Might get zucked hard today

META 10Q due 4/24
Next day settlement begins 5/28

META $480.44 -21.36 (-4.26%) ....BAGHOLDERS GOT ZUCKED OFF!!!!!!!!!

imo...according to quotes of MZ... FB was launched as a popularity/dating application....with a
a Data mining backdrop mingled in called "lifelog" an intelligence arm of the CIA. MZ and company sucked your children in with a pageant contest CALLED who is the hottest? "mirror mirror on the wall is the fairest of them all"

META


IHuser

$META whales keep piling into 520 calls. Here's another large order worth $3.7M and was executed above the ask
By: Cheddar Flow | April 18, 2024

• $META whales keep piling into 520 calls

Here's another large order worth $3.7M and was executed above the ask



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$META OI has remained strong on 7/19 - 520 calls all week (Bullish)
By: Cheddar Flow | April 17, 2024

• $META OI has remained strong on 7/19 - 520 calls all week (Bullish)

Each of these prints have been at or above the ask.





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$META is no stranger to a post earnings gap & go...
By: TrendSpider | April 17, 2024

• $META is no stranger to a post earnings gap & go...

Q1 2024 report drops a week from today, what are you expecting?



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Lol good

imo...ladies and gentlemen you are witnessing the implosion of corporate unregulated social media as a mode for the conduct of small business....once social web hosts start censoring and paying to taint the food supply....well....folks may want to shy away from buying into or rely on social media altogether~

META


IHuser

$META has the most bearish flow by far today
By: Cheddar Flow | April 9, 2024

• $TSLA has the most bullish flow by far today

$META has the most bearish



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$META had the most bullish flow by far today (sorted for total premium)
By: Cheddar Flow | April 8, 2024

• $META had the most bullish flow by far today (sorted for total premium)

A lot of the premium comes from the large ITM call LEAP orders from earlier this morning



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$META ~$20 Million of Deep ITM Call LEAPS (Unusual) *Above the Ask*
By: Cheddar Flow | April 8, 2024

• $META ~$20M of Deep ITM Call LEAPS (Unusual)

Sometimes whales like to be risk-averse and buy deep ITM calls, so they don't have worry much about the greeks



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$META $1+ Million Calls
By: Flowrensics | April 8, 2024

• $META



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Big Momma Likes Meta Party!

imo...what ceo foundation is involved with funding livestock vaccine program~



Z!

META


IHuser

ahhhhh...you don't say ha.....that explains all of the inflatable XXX ads i have been getting...my fb pm's

META


IHuser

Facebook Is Selling Your Private Messages, Lawsuit Alleges
Mentioned: META NFLX
Meta Platforms Inc (NASDAQ:META) is under scrutiny again about its use of customers' data after recently unveiled court filings allege the company, as Facebook, entered into a data sharing agreement with Netflix Inc (NASDAQ:NFLX) that allowed the video streaming service access to users' private messages.

In a court document dated April 14, 2023, the law firm of Klein And Grabert allege that for nearly a decade, starting in 2011, Netflix and Facebook 'enjoyed a special relationship' and entered into a series of agreements to share user data.

Benzinga reached out to Meta Platforms for comment on the allegations.

Reed Hastings, who was founder and CEO of Netflix at the time, also sat on Facebook's board of directors and it was from this position that he was alleged to have leveraged his influence to enter into a series of 'Facebook Extended API' agreements.

This allowed Netflix access to Facebook's users' private message inboxes, that enabled the company tailor streaming content for its own customers.

Netflix Ad Revenues

Why would Facebook allow such unfettered access? The lawsuit claimed the driving force behind the agreement was advertising revenues.

Netflix was, apparently, spending around $40 million a year on Facebook advertising and, by 2015 had entered into an agreement allowing Netflix data to be used for 'targeting/optimization' in Facebook's ads systems.

In a document released by Facebook in December 2018, it was compelled to address the issue in response to accusations it was disclosing users' private messages.

'We worked closely with four partners to integrate messaging capabilities into their products so people could message their Facebook friends,' it said.

It continued: 'People could message their friends about what they were listening to on Spotify or watching on Netflix, share folders on Dropbox, or get receipts from money transfers through the Royal Bank of Canada app.

'Many news stories imply we were shipping over private messages to partners, which is not correct.'

The court document said lawyers subpoenaed Hastings to provide documents relating to the allegations, but he refused to produce any.

Cambridge Analytica

Facebook's other indiscretions involving its customers data have mainly been down to information leaks, but in 2018 it was disclosed that for several years, British company Cambridge Analytica had been illegally harvesting Facebook data to be disseminated and used for political campaigns.

Indeed, it later emerged that both Donald Trump and Ted Cruz had used Cambridge Analytica data for targeting potential voters.

The $5 billion imposed by the Federal Trade Commission in July 2019 was one of the largest fines ever handed down by the U.S. government.

Meta is also facing a potentially huge class action lawsuit over allegations it misrepresented the size of its audience for its Facebook and Instagram services.

Advertisers claimed that since 2014 Meta had been inflating ad reach metrics.

Now Read: Meta's Battle with FTC Thickens, Court Rejects Bid to Stop Privacy Investigation

Photo: Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Meta tried to 'build a clone of Snapchat' using data from Onavo, unsealed court documents show

https://www.businessinsider.com/meta-onavo-data-clone-snapchat-unsealed-record-show-2024-4

Bad idea. No more Temu piggy bank for $META

$META $3+ Million worth of unusual put sell orders (BTO)
By: Cheddar Flow | April 1, 2024

• $META $3M+ worth of unusual put sell orders (BTO)

These traders are looking to collect premium on the contracts

*Below the Bid*



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This pig is beyond bloated

$META $3.5+ Million OTM Put Sell Orders
By: Cheddar Flow | March 28, 2024

• $META $3.5M+ OTM Put Sell Orders

These are being sold to open and their goal is for Meta to stay up here or continue to go up into end of April

*Below the Bid*



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Four Canada School Boards Seek C$4 Billion in Damages from Social-Media Platforms

OTTAWA-Four of Canada's biggest school boards have filed lawsuits against the owners of Facebook, Instagram, TikTok and Snapchat, claiming the products have rewired the way the students think and have left educators to manage the fallout.

Three Toronto-area school boards and another in Ottawa, the capital, said Thursday the lawsuits, and the damages sought, mark an effort to give educators with the financial resources required to respond "to the school-based problems social media giants have caused."

Collectively, the school boards are seeking damages from Meta Platforms, ByteDance and Snap of over 4 billion Canadian dollars, or the equivalent of $2.95 billion. Statements of claim were filed in the province of Ontario's Superior Court of Justice.

"These damages include, but are not limited to, a significant diversion and drain on the ... resources and personnel that is caused by the conduct of the defendants," said a statement of claim filed by the Toronto Catholic District School Board. The social-media companies "knew, or ought to have known, that their conduct is having a serious impact on schools and would cause widespread disruption to the education system."

Representatives from the social-media companies did not immediately respond Thursday seeking comment on the lawsuits.

In the U.S., about 200 school districts, from Pennsylvania to California, have joined litigation against social media companies. The U.S. lawsuits contend teachers and administrators waste valuable time responding to cyberbullying and other disciplinary problems, adding new training and school policies around social-media use, and counseling youths whose addiction to online apps is leading to anxiety, depression or suicidal thoughts.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

March 28, 2024 08:50 ET (12:50 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.

HaHa! Spying!

$META pulling into a make or break spot here with the unfilled earnings gap looming below...
By: TrendSpider | March 27, 2024

• $META pulling into a make or break spot here with the unfilled earnings gap looming below...



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