Facebook misleading people about Libra fake coin.

[mk4]

I completely get what you're saying, but you're probably underestimating how many ads are being submitted on Facebook's ad platform. That also includes test ads that needs to be manually checked if they'd go the manual route. While I definitely cant give you a number, trust me that the ads that are being submitted are A LOT. I'm saying this as someone who is active in the internet marketing niche.

[ScamViruS]

And Facebook did the same thing again. Facebook approved fake Libra scam project's ad!   

Read more :- https://bitcointalk.org/index.php?topic=5189097.0

[joinfree]

Dont  ever  trust  facebook when its  come to  money.  Zuckerburg  always think about its  interest first. all they  want is  money  that's why  they  allowed such  post to be  sponsored.  look Facebook always automatically updated it belong apps without  your permission. Video  post is always reviewed manually before  it  get posted i think they  can do the same  when its  comes to  advertisement but they don't do that because  they  want their  money.  Facebook is not trust worthy to  be trusted with  our  money that why i don't like Libra Project.       

[CucakRowo]

France and Germany consider that the Libra project, as set out in Facebook’s blueprint, fails to convince that those risks will be properly addressed.

The above quote is a joint statement issued by the French and German governments.

[btc_love]

Today I was scrolling Facebook Newsfeed.

Suddenly the ad of Libra coins came in front of me. I thought maybe Facebook was advertising itself! Because i knew for a long time that Facebook doesn't accept crypto ads.

Since i saw the sponsor, i became interested in the topic, so i visited the page.

Go to the page and i find that page is fake and the website that Libra Coin has provided on page that website also fake. They run fake pre-sale on the website!

I was wondering how did Facebook advertise this scam website?

How did this ad exceed the rules of Facebook ads?

For those who believe that Facebook advertising everything is real, this is a great proof to the fact that not all Facebook ads are real.

I think many people may have seen this ad and bought Scam Libra and lost their money.

0% should not be trusted on online, without verifying anything. Scammers always target newbies.  

Beware from scammers because a small mistake can do a lot of damage.

Only trust their official Website:- https://libra.org


More proof is here about scam libra:- https://bitcointalk.org/index.php?topic=5186622.msg52525557#msg52525557

2nd one:- https://bitcointalk.org/index.php?topic=5189097.0

I wonder if after all this mess with Libra (including public discussion, political opinion, hate from the crypto community, etc) Facebook decides to allow crypto ads on their site.
And I agree with a comment above: don't trust Facebook when it comes to money.

[1miau]

I completely get what you're saying, but you're probably underestimating how many ads are being submitted on Facebook's ad platform. That also includes test ads that needs to be manually checked if they'd go the manual route. While I definitely cant give you a number, trust me that the ads that are being submitted are A LOT. I'm saying this as someone who is active in the internet marketing niche.

Yes, most likely I'm underestimating the number of ads in my calculation and it's far more than 6,000 ads per months, I don't have any numbers too. But even if the numbers are bigger it shouldn't be a problem for them to check which ads are legit. According to Statista, Facebook has 35,000 employees and that's not much for a company of that size. They are saving costs wherever it's possible so in reality it should be far bigger already. While ads are generating their main revenue it's inevitable to hire a few hundred more and set them aside for checking ads until they can ensure to weed out scams.  
We all know that a part of Facebook users aren't the most intelligent ones understanding how some things work (especially in crypto) and scammers will take advantage from it.  

And if Facebook isn't capable of selecting ads they aren't capable of running a global currency safely.


I get you that it'll cost Facebook a little bit of their earnings but my main point is that they have to ensure to review them because it's their main revenue source. They are just out for the profits and the users are their useful idiots.  

And Facebook did the same thing again. Facebook approved fake Libra scam project's ad!  

Read more :- https://bitcointalk.org/index.php?topic=5189097.0

LOL  

Dont  ever  trust  facebook when its  come to  money.  Zuckerburg  always think about its  interest first. all they  want is  money  that's why  they  allowed such  post to be  sponsored.  look Facebook always automatically updated it belong apps without  your permission. Video  post is always reviewed manually before  it  get posted i think they  can do the same  when its  comes to  advertisement but they don't do that because  they  want their  money.  Facebook is not trust worthy to  be trusted with  our  money that why i don't like Libra Project.        

I don't like it too, Facebook has lost any credibility very long ago. Profits first, users last.

[smyslov]

The facebook won't accept crypto ads right?. Maybe the facebook itself made the ads or may be there's someone else who pay facebook to advertise these said fake coin. It's either of the two that facebook is behind or a person/a group of people who are agaisnt the cryptocurrency might do it. If there is. I don't know how these ads are advertised by facebook.

People have seen heard or read something on Facebook's coin but they have no idea what it is, and scammers are using this opportunity to scam people, I also saw one on my feeds I failed to screenshot it, but it will definitely hurt Libra Coin's cause.
I have not posted an ad on Facebook but it seems you have the option to edit your ads once approve, so scammers are abusing these options to lure people to invest in a fake Facebook coin.

[styca]

For those who believe that Facebook advertising everything is real, this is a great proof to the fact that not all Facebook ads are real.

It's a concern that anoyone considers Facebook to be a legitimate source of information. There have been enough scandals about them manipulating peoples behaviour, I don't see how anyone can trust them. As for ads, Facebook is obviously huge and can't moderate everything manually. There is a degree of automation here, and obviously it's not good enough if stuff like this can get through. Presumably their ban on crypto doesn't extend to Libra, their own product, so there's the obvious loophole for scammers to exploit.

[robelneo]

Today I was scrolling Facebook Newsfeed.

Suddenly the ad of Libra coins came in front of me. I thought maybe Facebook was advertising itself! Because i knew for a long time that Facebook doesn't accept crypto ads.

Since i saw the sponsor, i became interested in the topic, so i visited the page.

Go to the page and i find that page is fake and the website that Libra Coin has provided on page that website also fake. They run fake pre-sale on the website!

I was wondering how did Facebook advertise this scam website?

How did this ad exceed the rules of Facebook ads?

For those who believe that Facebook advertising everything is real, this is a great proof to the fact that not all Facebook ads are real.

I think many people may have seen this ad and bought Scam Libra and lost their money.

0% should not be trusted on online, without verifying anything. Scammers always target newbies.  

Beware from scammers because a small mistake can do a lot of damage.

Only trust their official Website:- https://libra.org


More proof is here about scam libra:- https://bitcointalk.org/index.php?topic=5186622.msg52525557#msg52525557

2nd one:- https://bitcointalk.org/index.php?topic=5189097.0

They are offering marketing on the owner of the ads I believe it's an algorithm, if you put tag on your ads the algo will catch it and they will offer you to market your ads on how many people on a budget, only if the ads are reported that Facebook marketing team will look and take down that ads, they do not have a team to look the legitimacy of the ads and this is really unfortunate.