Earlier this year, Facebook was tied up in a scandal involving Cambridge Analytica, which had known ties to the 2016 election campaign of U.S. president Donald Trump. Zuckerberg, feeling the heat, was forced to appear before politicians to answer questions about data misuse.

Opps, I did it again, I exposed your information
I played with your heart, got lost in the money game
Oh baby, baby I’m so sorry
Oops, you think I care
I only care about growth and cash flow.
I’m not that innocent.

A hacker by the name of Inti De Ceukelaire published found a security loophole in Nametests.com, a website behind Facebook quizzes with more than 120 million monthly users . The flaw potentially exposed the Facebook data of more than 120 million users to third parties. He discovered that the data—which included names, date of births, posts, statuses, pictures and friend lists—could be compromised when Nametests.com website fetches a user’s Facebook information and display it on an external webpage. According to internet records, the flaw had existed since 2016.

I know price was going to drop to my monthly demand zone at $145.

Will SteemIt Take Advantage Of Facebook's Data Breach Scandal???

Price hit my monthly demand zone, the strongest of all zone. This was the buying opportunity Smart Money was waiting for, but ethically, I couldn't buy it.

Mark Zuckerberg vs Capital Hill

Facebook not only bounced off the monthly demand zone, breached my weekly supply zone at $185, but also hit the $200 level.

So I was forced to do some research and here’s what I found:

Again, scandals don't matter, divulging users' info doesn't matter, the only thing that matters is the CASHFLOW. Until these scandals and privacy issues start affecting CASHFLOW, until users start fleeing their platforms, Facebook is going to be alright. Facebook is sitting between weekly supply and demand. Because Facebook is still in an uptrend, the better trade would be to buy when price gets to the weekly demand zone at $184.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.