Facebook Inc. (NASDAQ:FB) has to work under the German law

Facebook Inc. (NASDAQ:FB) is in trouble in Europe as German regulators have ordered it to change the policy requiring the use of real names on the social network. German law protects the fundamental right to freedom of expression on the Web, according to the Unabhaengiges Landeszentrum fuer Datenschutz (ULD) data protection agency. The ULD said that Facebook should allow German citizens to use the service largely unnoticed and without fear of objectionable consequences.

Thilo Weichert, Privacy Commissioner and head of ULD, condemned the move and called it unacceptable that a US portal such as Facebook goes against German data protection law unopposed and with no prospect of an end. The purpose behind the orders of ULD is to lastly bring about a legal clarification of who is accountable for Facebook and to what this company is bound to.[article_detail_ad_1]

Where the stock stands now?

The Facebook stock closed at $27.41, down -0.30 points or -1.08% from previous close and at a distance of +2.51% from 20-day simple moving average. In the last trading session, the stock’s price moved 11.57% above its 200 day moving average, changing hands as low as $26.95 per share. The stock is currently trading 18.64% up its SMA 50.

The share price performance over the last 12 months

The price range in the past fifty two weeks had a highest hit of $45.00 on May 18, 2012 while lowest level during that period was $17.55 on Sep 04, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $31.00. The stock has dropped -28.30% since the beginning of this year.

How the market shifts persuade this stock?

To measure price-variation, we found this stock’s volatility over a week period was 4.35% and for the month was 4.19%.

Need expert advice?

The analyst mean recommendation for this week has been 1.9, same as was in the last week. The price target of $15.00 was the lowest while the highest price target was set as $38.00, according to 26 analysts surveyed by Thomson Reuters.