27.05.2020 Facebook Daily Analysis

27.05.2020 Facebook Daily Analysis

234.98 +2.78 +1.20% Facebook today is trading on 234.98 and it went up with almost 3 dollars. The stock keeps on going this is because of some of the major movements it has been doing. Facebook announced that it intends to keep Libra alive and there are some changes that have been made after it has received some criticisms when it was launched because of the unregulated nature of cryptocurrencies but right now Facebook is pushing on getting regulatory approval and showing Libra to be good for public safety to prevent any fraudulent activities. Apart from adding fraud-prevention tools and asset change, Facebook has also made some changes to Libra’s executives. On May 6, the company announced the appointment of Stuart Levey as the chief executive of the Libra Association. Levy served as an under-secretary for terrorism with the George W. Bush and Barack Obama administrations