Facebook shares fall -5% after banning Bitcoin

[Turkish88]

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

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[digroske]

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

[luckybit1]

That also implies that their income will reduce.

[kent47400]

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

[Traslavin]

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.

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.

[piterpie]

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

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

[dangkhoasn]

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

[Dmitry.Vastov]

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

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.

[joshuarose]

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

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

[Rambukwelle]

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.

[Veterock]

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

[digroske]

 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. .

[Veterock]

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

[Minerall]

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.

[robertsu]

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.