Post
Topic
Board Bitcoin Discussion
Re: Facebook shares fall -5% after banning Bitcoin
by
Idowuogbo
on 18/07/2018, 09:58:21 UTC
This should serves as a strong warning notice to social media that operates ads that crypto is not something they can joke with. 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.