Facebook Reverses Its Crypto Ad Ban (techcrunch.com) 28
Back in January, Facebook banned cryptocurrency ads because too many companies in this space were "not currently operating in good faith." Now the social media company is reversing its ban effective immediately. "The company says it will allow ads and related content from 'pre-approved advertisers,' but will still not allow ads promoting binary options and initial coin offerings," reports TechCrunch. From the report: This time around, it's making advertisers go through an application process to determine their eligibility. Facebook will ask advertisers to include on their applications details like what licenses they've obtained, whether they're a publicly traded company, and other relevant background information regarding their business. How thoroughly this information is fact-checked by Facebook staff remains unclear.
The company reminded users in the same announcement that they should continue to flag ad content that violates its guidelines. In other words, expect some bad ads to get through. Facebook explains its new requirements will keep some crypto advertisers from being able to hawk their businesses on the social network, but adds that its policy in this area continues to be a work in progress. Facebook's Product Management Director, Rob Leathern, made the announcement.
The company reminded users in the same announcement that they should continue to flag ad content that violates its guidelines. In other words, expect some bad ads to get through. Facebook explains its new requirements will keep some crypto advertisers from being able to hawk their businesses on the social network, but adds that its policy in this area continues to be a work in progress. Facebook's Product Management Director, Rob Leathern, made the announcement.
Now we get to see... (Score:2)
... which currencies Zuck invested in, I guess...
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...that, or FB really jacked-up their ad rates for crypto-related ads ('...just to make sure these were not fly-by-night companies, you understand...')
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You get to see which currencies he invests in, in real time.
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Reddcoin is made for social networks integration.
ad's for putin coin must be rushed out! (Score:2, Funny)
ad's for putin coin must be rushed out!
Anyone know why they care? (Score:2)
Money. (Score:3)
The just couldn't keep up the facade for very long, eh? Someone offers them enough cash and they'll change their rules. Fuck the users.
Anyone else still have questions on what facebook is all about?
Wait... (Score:2)
So you're saying that Facebook can now be trusted to determine when someone is acting in "good faith"?
<head asplodes>
reversing its ban (Score:2)
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That argument was lost with words like "phone" as an abbreviation for telephone. And co-ed (co-educational) somehow meaning only women. Pro as Professional is an entire prefix that only means one use of it when alone. And if you want to go way back, gymnasium shortened to gym reduces to naked in Greek (when you look at the original word parts).
Well, there's your problem ... (Score:2)
... Facebook banned cryptocurrency ads because too many companies in this space were "not currently operating in good faith."
They abandoned that rational because it ended up blocking Facebook ads too. :-)