Tuesday, March 27, 2018

The Twitter Crypto Ad Ban: Always Dig Deeper

I'll let this speak for itself:

"Joining Google parent company Alphabet and Facebook, Twitter revealed Monday its plans to ban some cryptocurrency-related ads in a bid to decrease fraud and deception on the site. Namely, the social media company plans to prohibit initial coin offerings and token sales, and it plans to only show ads of exchanges or wallets provided by companies listed on major stock exchanges.

Curiously, that would bar firms such as the largest U.S.-based exchange Coinbase from advertising on the platform, while presumably still allowing Twitter’s sister company, Square, to advertise its young Bitcoin buying and selling function on its Cash app [emphasis added]...

...The change for Twitter, meanwhile, comes amid comments from Dorsey that the poster child of cryptocurrency, Bitcoin, will be the world’s universal currency in 10 years or so." -- L. Shen
As a Square shareholder since the IPO back in 2015, I am highly amused. lol!

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