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Topic: Facebook shares fall -5% after banning Bitcoin - page 4. (Read 519 times)

full member
Activity: 476
Merit: 100
Yes, let alone news from Facebook which is the largest company. and because Bitcoin is very vulnerable to news. Many people take advantage of the moment of this Bitcoin price by buying a lot of Bitcoin. With the current condition of Bitcoin, we can more quickly gain profit from the rise and fall of Bitcoin prices. Take this rare opportunity to buy a little bit of Bitcoin at a cheap price.
member
Activity: 266
Merit: 32
Downing Street called the allegations "very concerning". Facebook shares have fallen sharply as the social network faces questions from US and British politicians about its privacy rules.Facebook shares fell close to 8% in afternoon trading in New York at $171.The company is accused of failing to properly inform users that their profile information may have been obtained and kept by Cambridge Analytica.

http://www.bbc.com/news
newbie
Activity: 84
Merit: 0
They don't totally banned bitcoin or other cryptos on Facebook specially in everybody's wall, they directly ban or hide ads that violate their rules, I did repost some on my wall and it's still there.
member
Activity: 266
Merit: 32
Obviously it will go down since a lot of money has been removed from the crypto ads. There were a ton of crypto ads that pushed fb stock up I guess? But yeah, that was a major unload for Facebook.

why do you think Bitcoin went up from $1 to $10,000 in 9 years ??
full member
Activity: 462
Merit: 104
Crypto Marketer For Whales
Obviously it will go down since a lot of money has been removed from the crypto ads. There were a ton of crypto ads that pushed fb stock up I guess? But yeah, that was a major unload for Facebook.
member
Activity: 266
Merit: 32
Lol well technically, it did fall after banning crypto ads, but for a completely unrelated reason, as the story you quoted reads lmao. If you're saying this particular scandal is caused by karma or something, then well played I guess? Lol.

Take it this way or that way   Wink
member
Activity: 238
Merit: 10
that's why the Current Media Page on Facebook didn't Post any data for the people the Facebook banned bitcoin so the Facebook in campaign  is no longer beneficial.
sr. member
Activity: 1610
Merit: 264
Because many of the ICO project ICO ads on facebook., so if banned the ICO advertising, the company's revenue ability will be greatly reduced, and the early facebook plans to take on blockchain message may boost the facebook value increases to a certain extent.

But also apart from that, crypto went really deep red after that followed by the Google ban. I don't think this loss for Facebook won't be that much major for them. The idea that Facebook, when it comes to marketing, has the large space for new and different people to market their products, not just cryptocurrency. I don't think that Facebook will even revert their decision on the banning of it, unless cryptocurrencies went into more adoption. When they revert their actions from and I am still doubting that it could majorly raise their shares in the market that much since Facebook aren't really the one that you could rely on major marketing strategy due to its massive space for marketers. However, benefits will still go to Facebook no matter what.
hero member
Activity: 1834
Merit: 759
Lol well technically, it did fall after banning crypto ads, but for a completely unrelated reason, as the story you quoted reads lmao. If you're saying this particular scandal is caused by karma or something, then well played I guess? Lol.

I also have to note that the Facebook crypto ads ban happened weeks ago. You're probably thinking of Google, which launched its own ban recently.
member
Activity: 266
Merit: 32
Google search showed "Indian prime minister Narendra Modi" in top 10 criminals list.
sr. member
Activity: 574
Merit: 251
Shares of Facebook fell by almost 5 percent on Monday following research claiming the recent data breach that exposed 50 million people is a systemic problem for the social network.It was "made clear in the reporting is that Facebook did not make sufficient efforts to recover users' data, which then informed ad targeting in the 2016 US election. It also did not disclose the leak to users or investors," Pivotal Research analyst Brian Wieser wrote in a note to clients Monday, as quoted by CNBC.

"We think this episode is another indication of systemic problems at Facebook … We see enhanced risks for the company, but no near-term tangible impact on its business." The company recommends selling Facebook shares, saying they are likely to fall from $185 to $152 per share. "Regulators will take a tougher line on sharing data across Facebook's apps, especially including WhatsApp and the core Facebook platform."

https://www.rt.com/business

Tell them go tangle with the bitcoin more! Lolz! Thats definitely fall caused because of bitcoin bans. There could have been big impact of the because we know very well how crypto projects (ICO's) spend millions of dollars on the crypto ads that run on the Facebook and other social media platforms. Now as they are not eligible to advertise on them they are going crazy and the in flow of the money might have stopped completely for the Facebook. Thus creating all the chaos into Facebook shares and is being the reason for its fall. Not only this I am also sure that google will also see dramatic movement into their income if they start banning the bitcoin ads.
member
Activity: 98
Merit: 10
That's a strange/misleading title; the quotes you provided pretty clearly relate the ~5% to other events, not the banning of BTC related ads.
legendary
Activity: 1904
Merit: 1074
Because many of the ICO project ICO ads on facebook., so if banned the ICO advertising, the company's revenue ability will be greatly reduced, and the early facebook plans to take on blockchain message may boost the facebook value increases to a certain extent.

Facebook re-visited their whole advertising policy for a while now. My friends used to use Facebook as a means of advertising

to sell dogs and even this is not allowed anymore. They will see a reduction in income if they continue on this trend and some

shareholders will be pissed about this. I do understand the need to "manage" the situation, but the ban is a bit too extreme.
member
Activity: 266
Merit: 32
Because many of the ICO project ICO ads on facebook., so if banned the ICO advertising, the company's revenue ability will be greatly reduced, and the early facebook plans to take on blockchain message may boost the facebook value increases to a certain extent.

Facebook and google have internal problems and they talk about bitcoin etc..
member
Activity: 224
Merit: 10
Because many of the ICO project ICO ads on facebook., so if banned the ICO advertising, the company's revenue ability will be greatly reduced, and the early facebook plans to take on blockchain message may boost the facebook value increases to a certain extent.
member
Activity: 266
Merit: 32
Shares of Facebook fell by almost 5 percent on Monday following research claiming the recent data breach that exposed 50 million people is a systemic problem for the social network.It was "made clear in the reporting is that Facebook did not make sufficient efforts to recover users' data, which then informed ad targeting in the 2016 US election. It also did not disclose the leak to users or investors," Pivotal Research analyst Brian Wieser wrote in a note to clients Monday, as quoted by CNBC.

"We think this episode is another indication of systemic problems at Facebook … We see enhanced risks for the company, but no near-term tangible impact on its business." The company recommends selling Facebook shares, saying they are likely to fall from $185 to $152 per share. "Regulators will take a tougher line on sharing data across Facebook's apps, especially including WhatsApp and the core Facebook platform."

https://www.rt.com/business
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