Facebook shares fall -5% after banning Bitcoin - page 3.

stompix

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Blackjack.fun

Again one hell of clickbait title

a) Facebook did not ban BTC , they banned crypto related ads
b) The share price drop is tottaly unrelated to BTC , is because of the privacy scandal and a looming FTC investigation

Quote from: First77 on March 20, 2018, 11:48:50 AM

Quote from: ciciliacrypto on March 20, 2018, 07:51:00 AM

Cambridge analytica gate ,well little marky gonna play his game smartly or crash.

There is #deleteFacebook on Twitter

Ironic, isn't it?
What's next, a #deletetwitter campaign on facebook?

Quote from: daarul50 on March 20, 2018, 01:45:39 PM

The result of the ban their shares declines because their investors are actually following the investment in the form of crypto. Perhaps their stock decline is an effect of their prohibition on crypto.

No, it is not.
The ban on ads was published on Jan 30.
https://www.facebook.com/business/news/new-ads-policy-improving-integrity-and-security-of-financial-product-and-services-ads

Actually there was a small increase in price on the 31 as you can see on the graph abve

daarul50

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Some time ago I had heard that Facebook owner wanted to deepen blockchain technology to be applied by Facebook but yesterday they declared to ban advertising a crypto. The result of the ban their shares declines because their investors are actually following the investment in the form of crypto. Different if the facebook owner really supports the technology of crypto and maybe that support will boost their stock price as well. Perhaps their stock decline is an effect of their prohibition on crypto.

gabbie2010

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Vave.com - Crypto Casino

Obviously this may be due to the fall out of taking the decision to ban cryptos ads by Facebook and certainly this will reduce the daily traffic generated by Facebook, this action taken will have a consequence going by the increasing popularity and numbers of users of cryptos, I hope Facebook management will have a change of heart and returns to status quo.

piebeyb

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I think facebook is supposed to accept bitcoin payouts for advertising, I'm sure will grow their stocks faster at least instead of having to ban bitcoins or other cryptocurrency ads, it can surely have an adverse effect on their stocks, I hope there is a new social media created by the bitcoin community

Kingofbitcoin12345

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It’s a misleading title in my opinion.. ICO crypto banning and not bitcoin.. I have heard that news few weeks ago and next is the google banning of cryptocurrency related ads.. I’m using Facebook for a daily basis and I always encounter ads in cryptocurrency,, so it means they’re just banning obvious illegitimate projects that in they’re point of view is a scammers made..

First77

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Quote from: ciciliacrypto on March 20, 2018, 07:51:00 AM

Cambridge analytica gate ,well little marky gonna play his game smartly or crash.

There is #deleteFacebook on Twitter

ciciliacrypto

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Cambridge analytica gate ,well little marky gonna play his game smartly or crash.

Raimy

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★777Coin.com★ Fun BTC Casino!

As other posters have pointed out, there are other things going on at Facebook which are more likely to do with their share price going down than it does with Bitcoin advertisements; the Cambridge Analytica situation, their privacy officer leaving, just people getting sick of them and leaving the platform, etc.

jpespa

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Since cryptocurrency is booming nowadays, advertising is good business to earn profit and because facebook banned the crypto or ICO ads, they loss some of their profit making businesses. But I think it would not affect it so much because they are not solely dependent on cryptocurrency advertisements.

Sevarchik

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Nothing bad what facebook bans ads, now moneys not going to facebook, moneys for ads go into the crypto infrastructure.
Good day to become crypto blogger

First77

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Quote from: Sithara007 on March 19, 2018, 10:54:10 PM

I am not using Facebook for the past 4 years. I used to spend a lot of time in uploading photos and playing various Zynga games, but later I realized that every minute spent on FB is 100% unproductive. Nowadays I spend some time in Twitter and Linkedin, but not even 2 seconds on FB.

I agree. Facebook looks like internet's junkyard/dumpyard. I use Twitter. Donald Trump is always on Twitter.

Sithara007

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Quote from: First77 on March 19, 2018, 10:49:28 PM

Quote from: Sithara007 on March 19, 2018, 10:43:32 PM

The reason for the crash was a revelation that Cambridge Analytica harvested data of more than 50 million Facebook users, without the permission from these users.

So Facebook is unsecured ? Why use facebook ??

I am not using Facebook for the past 4 years. I used to spend a lot of time in uploading photos and playing various Zynga games, but later I realized that every minute spent on FB is 100% unproductive. Nowadays I spend some time in Twitter and Linkedin, but not even 2 seconds on FB.

racebum

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FB and twitter are cesspools. twitter by a mile is worse. too much bot marketing. FB has god knows how many political bots making statements for one party or the other. twitter is flooded with scams. thousands of crypto scams are on twitter and the company does nothing about it. many are quite elaborate networks of 500+ accounts that phish noobs

First77

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Quote from: Sithara007 on March 19, 2018, 10:43:32 PM

The reason for the crash was a revelation that Cambridge Analytica harvested data of more than 50 million Facebook users, without the permission from these users.

So Facebook is unsecured ? Why use facebook ??

Sithara007

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Leading Crypto Sports Betting & Casino Platform

As far as I know, the slump in the share prices had nothing to do with Bitcoin or any other crypto-currency. The reason for the crash was a revelation that Cambridge Analytica harvested data of more than 50 million Facebook users, without the permission from these users.

pooya87

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Facebook did NOT ban bitcoin, they banned advertisements that contain cryptocurrency and ICO related contents.

also the value of Facebook shares has been fluctuating between $170 and $190 for a couple of months now, in fact $170 which was reached on Monday is the bottom (support) that it keeps testing. and i don't think this drop had anything to do with that news!

Sandal_Hat

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Actually, it fell because of possible data mis-use and it was a bearish day. The dow/nasdaq/snp500 were strongly negative. This is due to possible interest rates rise really soon and possible 4 rate hikes this year which some people consider too much. There is fear that rates being hiked too fast can lead to a recession.

AlexAtom

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Facebook is one of the most social media that advertise bitcoin and cryptocurrency.
if they banned the ads, they sure have reduced their incomes. Too bad.

akashark

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Basically, I want that Facebook Will remove ban notice form bitcoin. That will be very good for facebook owner and also for bitcoin. Lots of ICO ads was on the Facebook platform, and after banned, Facebook's share 5% Down! So, It's normal and I hope Zuckerberg will understand that Grin

Za1n

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Personally, I cannot wait until the day Facebook is talked about as much on a daily basis as Myspace currently is, meaning close to zero.

Facebook, YouTube, Instagram, Twitter, all of the top social media companies are almost opposite to what Bitcoin is supposed to stand for.

Giant centralized corporations directing how people think and feel about key issues, oftentimes without the users even knowing they are being manipulated.

Too much centralized control and thus the current hysteria about the monolith corporations now banning some advertising.

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