Bitcoin Forum

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 (https://www.rt.com/business/421703-facebook-shares-fall-data-breach)

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..

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.

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.

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.

Google search showed "Indian prime minister Narendra Modi" in top 10 criminals list.

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.

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.

Take it this way or that way   ;)

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 ??

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.

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 (http://www.bbc.com/news/business-43462423)

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.

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.

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  ;D

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.

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.

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!

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.

So Facebook is unsecured ? Why use facebook ??

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

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.

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

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.

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.

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

There is #deleteFacebook on Twitter

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..

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

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.

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.

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



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


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

https://i.imgur.com/hmUSUqJ.png

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

Did facebook lose 25% of its users ?

Trust me or don't but it is the result of a traditional centralised system where anyone can manipulate the process.  On the other hand, in a decentralized system, there is an equal amount of information accessible for everyone so we can avoid such incidents in the future. That's the reason why even the governments around the world are willing to adopt blockchain technology in multiple sectors.

facebook banned cyrpto related ads. not bitcoin.and did this because of some scam ICOs.

I think that is the price that facebook have to pay because they have given the wrong law for bitcoin

This would be normal as facebook get revenue from ads, and banning cryptocurrencies in facebook will decrease their revenue. I think this was their solution to the scam ICOs flooding facebook.

It seems to me that the drop in the share price of facebook is not connected with the crypto currency. But even if it really happened because of the ban on advertising crypto currency, then soon these bans will be lifted and facebook will restore its positions. There is no reason for excitement.

I believe 95% of facebook users are business owners and 70% are online business owners while  50% of the online users are into cryptocurrency. If I  can not share my business links then I will share nothing. Because that's worth mostly brings me online, to share and connect with friends and family.

My friends have used Facebook as a means of advertising to sell cats and even this is not allowed anymore. I understand the need to "manage" the situation, but the ban is a bit too engraved. severe. Lolz! It can have a big impact because we know very well how many encryption projects (ICO's) spend millions of dollars on encrypted ads running on Facebook and other social media platforms. So, creating all the chaos into Facebook stock and is the reason for its downfall.

It affected many entrepreneur too. Also sharing a link several times to friends and family even on chat is not permitted. There is an error message. Facebook becomes very strict especially to spamming, but for some important info they should be complacent.

We cannot get profits on Facebook that's why they banned bitcoin as our purposes here is to have some other income for a better family life less of financial needs become no credits bitcoin is supportive in most important human needs.

it is a bad to know that after all facebook banning bitcoin ads and i think facebook cannot trust the bitcoin that's why facebook banning it. we shoud spread tp the people that they not know what is bitcoin. bitcoin need more invest to reach the goal or i think they reach the goal already. i think it cannot affected the share's of facebook they gaining income in the future facebook will invest in the bitcoin im thinking in that point.

Their shares not only decrease but their profits also goes down. All the money from ads that facebook earns from ICO project is not small. But whatever, ICO will come back on facebook some days

It was not due to banning of bitcoin but due to other issues.But it whatever the reason may be,facebook has decided to reverse its ban on crypto ads so as to capture the lucrative market.Now they have decided to allow the crypto ads based on the license of crypto project owners.

Sorry dude but need to moving on forget it thats old news Facebook are turning back again in the crypto and facebook in the latest news after banning made own coins.

This might be a protest of crypto inventors who owns facebook stock

Now when they are not eligible to advertise on them they are crazy and the flow of money may have stopped completely for Facebook. Not only this, I am also sure that google will also see dramatic motion on their earnings if they start banned bitcoin ads. I do not think that this loss for Facebook will not be much for them. I do not think Facebook will even revert their decision on its ban unless electronic money goes into more acceptance. However, the benefits will still be transferred to Facebook no matter what.

in my opinion, perhaps the reason for the decline in facebook shares is not just caused by banning Bitcoin, almost of companies get the same, this may be due to the weakening world economic situation.

Basically ico coin sales some depends successful ico Facebook adds, because many ico investor received ico news Facebook, twitter and others. So Facebook need to ico coin sales increase and Cryptocurrency market relies lot of news.

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.

Many crptocurrency websites are using facebook to advertise them by ICO campaign programs and millions of ads are posted on facebook but if facebook change its advertisement policy against bitcoin then this policy will applied same on other website and shares will definitely fall.

They dropped the ban at the end of June 2018 and moreover they are looking to learn blockchain and crypto

but that was not caused by ICO ads ban, it was because what happened with cabridge analytica followed by nuremous lawsuits against facebook. It's important to make the facts straight

Facebook already withdraw its decision to ban crypto ads in june , also i saw their team member and sibling of mark zuckerberg in one of the crypto project as adviser . so they are learning and doing more research on blockchain technology .

I know that some how the fortune of facebook will be affected even if for any other thing the revenue those advert would have bring in. But i notice facebook team later relax the ban and makes it flexible that only confirmed scam project will not be accepted. In a way the ban has help to ward off scam project.

I think giant companies still need to understand the importance and implementation of blockchain technology. I see a google ad for an ICO, I dont know how they managed to put it, still it means that there is a way.

Facebook lost their shares not only after banning crypto ads, it was happened after big data leaves from platform

I think that this is due to the ban on advertising crypto currency on Facebook resources.

That also implies that their income will reduce.

Let it be like that, because I used to have a prediction when Facebook banned Cryptocurrency then it is in the sure he had a loss, and it is true evidence of it now.

if Facebook opens another ad for Cryptocurrency, then it's just like he swallowed his own spit. LOL

This just shows the power of bitcoin and the popularity it has right now. I think that many people have been affected by what facebook has done. What's happening right now is just the negative feedback they get from doing such things. I hope this will change the mind of facebook company to uplift the ban of bitcoin. Uplifting the ban makes it a win-win situation for both parties.

There are many people who invest in Bitcoin, and they all use Facebook. Banning the ICO from Facebook is a good thing, and it makes it safer for people not to invest in scam projects. As for  Facebook shares fall, I think that's just coincidence

Facebook ban
Advantages: Helps users avoid phishing projects.
Disadvantages: Significantly reduce the number of customers access to quality projects.

As I stated in my earlier posts and I replied to some posts also that when bitcoin was introduced in the world , the world population gets divided into 2 groups, one who are in favour of bitcoin and accept bitcoin and the second group is one who has not understood the potential of bitcoin and started criticising it and Facebook is one of the haters who has banned the crypto ads on Facebook and I also heard the rumours for Twitter also and then resulting in  fall in 5% shares of bitcoin.

seems like facebook regrets Because it has blocked bitcoin and made its share price go down

Surely banning Bitcoin advertisements had a negative impact for Facebook.But for the entire Crypto industry this ban will have a positive effect since the scammers got lesser windows to access the newbie Investors as the reason of these bans.

We all should move to social networks based on the blockchain, this is the only way to be protected.

 I think that this is due to the ban on advertising crypto currency on Facebook resources. Helps users avoid phishing projects . I do not think so. that it is beneficial for the FB. But time will tell. .

Soon, facebook will understand that the war with the blockchain and bitcoin will be very expensive for them!

This is just the start. This shows the power of Bitcoin. I hope that Facebook revise their decision. There are other things that Facebook need to focus on. The privacy and security issues need to be their priority. I think they are smart enough to know the power of cryptocurrency.

I think the actions Facebook couldn't to growing always. The same situation about the market USA, the correction happening not only on the cryptocurrency market. Yes, the official reasons falling not independents with Bitcoin.