Can Blockchain Tame the Perils of Greed?
Major players in technology, like Facebook, Google, Instagram, and YouTube, dominate revenue streams related to advertising and content. But there are questions about just how much these user-dependent platforms pay-out to the very users who facilitate each platform’s success. By most accounts, it isn’t much, and YouTube, who reported $12 billion in revenue in 2017, recently raised the limit on the number of views required to share in advertising revenue.
This skewed distribution of wealth is not the only problem facing major tech platforms – many are experiencing backlash about the way they use the data they have collected about their users. This backlash, coupled with the predilection of millennial consumers for corporations that actively contribute to society, means the time is right for new, secure, and transparent business models. A variety of companies are using blockchain technology, the foundational element of cryptocurrency, to pursue these goals.
Smart contracts, written in code within the blockchain protocol, allow companies to openly execute this vision. Flixxo and View.ly are both video platforms gaining buzz for their business model. Both services offer tokens to users who upload, watch, and share content on their sites, but with slightly different approaches. Smart contracts allow Flixxo users to select the amount they would like to earn for their content and receive payment automatically – the terms are built into the contract, resulting in a seamless, automated process. Advertisers can purchase tokens from the channels they would like to advertise on, and tokenless users can watch these ads to watch their content of choice. Flixxo even pays users who offer to share their bandwidth to facilitate content distribution (similar to torrent services).
View.ly operates slightly differently, requiring its publishers have tokens if they want to post, necessitating engagement with the platform. Token owners can vote on the quality of each piece of content – this information is tallied and broadcast on a peer-to-peer network for verification. Next, after a seven-day distribution period, votes are aggregated, and tokens are awarded to participants.
These are nascent days for blockchain, and challenges remain. Flixxo and View.ly both use tokens based on Ethereum, which take roughly 10 minutes to transfer. Scaled up, this could mean delays as transaction volume clogs up the system. In response, Flixxo is initially combining centralized and distributed methods for tokens – blockchain is currently used strictly for deposits and withdrawals. As the technology improves, the entire allocation process will take place on-chain.
While it will take a massive groundswell of support to compete with global tech giants, blockchain offers a way to create more-democratic, transparent user-based networks that reward users and companies alike. Improving technology and enhanced creativity mean we are only seeing the beginning of blockchain’s impact on tech companies and how they do business.
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Momentum Indicator for META turns negative, indicating new downward trend
META saw its Momentum Indicator move below the 0 level on April 17, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned negative. In of the 85 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for META moved out of overbought territory on April 08, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for META turned negative on April 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
META moved below its 50-day moving average on April 19, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where META declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
META may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 355 cases where META Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. META’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.177) is normal, around the industry mean (19.638). P/E Ratio (33.034) is within average values for comparable stocks, (49.308). Projected Growth (PEG Ratio) (1.115) is also within normal values, averaging (3.441). Dividend Yield (0.001) settles around the average of (0.026) among similar stocks. P/S Ratio (9.569) is also within normal values, averaging (110.312).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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a social networking service and website
Industry InternetSoftwareServices