Trick Or Treat
Who is to say for sure, but this really could be just what the doctor ordered for the otherwise under-valued firm with the large user base and sizable advertising revenue, but a questionable reputation with investors. I have never been a fan of Facebook management. Folks who read me often know that. This does, however, seem well-thought out, as the coin will be pegged to a basket of existing government-backed currencies to tamp down on volatility, while preliminary reports are that there will be some kind of multi-national launch in early 2020.
The troubling question for me is why would companies already in the processed-payment game want to invest here, unless they either want a piece, or simply intelligence. Either way, I do believe that with Facebook trading 4% higher this morning, that today might not be the day, but I can see a reason to start buying the name again, on dips, and while I am no fortune teller, I think that we end up seeing some of those as we move forward. Everything hedged.