Meta Allows More Cryptocurrency Ads (engadget.com) 32
Meta is backing away from its longstanding (if not absolute) ban on cryptocurrency ads. Engadget reports: As CNBC reports, Meta has greatly loosened its ban by expanding the number of regulatory licenses it accepts from three to 27. The crypto landscape has "matured and stabilized" enough to justify the change of heart, the company said, including an increased amount of government regulation that sets "clearer responsibilities and expectations."
Advertisers still need written permission to run ads for cryptocurrency exchanges, lending and borrowing, crypto mining tools and wallets that let you buy, sell, stake or swap tokens. This does, however, open the door to cryptocurrency businesses that previously couldn't run any ads, not to mention would-be investors who might not be familiar with the market. The report goes on to note that "the shift comes just a day after Meta's crypto overseer, David Marcus, said he was leaving the company."
Advertisers still need written permission to run ads for cryptocurrency exchanges, lending and borrowing, crypto mining tools and wallets that let you buy, sell, stake or swap tokens. This does, however, open the door to cryptocurrency businesses that previously couldn't run any ads, not to mention would-be investors who might not be familiar with the market. The report goes on to note that "the shift comes just a day after Meta's crypto overseer, David Marcus, said he was leaving the company."
Re:Meta aka Meta[stasize] (Score:2)
I prefer to call them "Meta[stasize]" as it reflects much better what they are.
Re: (Score:2)
We really need to keep calling it Facebook, just like Alphabet is still called Google.
Facebook only did this to try to help their fucked up image. Don't let them get away with that shit, it didn't work for Google, it wont work for Facebook!
Stop calling them 'Meta' (Score:5, Insightful)
They're Facebook, aka metastatic cancer. Why play along with their PR schemes by letting them change their name to avoid even some of the well deserved hate associated with 15 years of deliberate Facebook evil?
In the interests of journalism you could add 'Facebook has changed it's name to Meta' somewhere in the article, but otherwise call a turd a turd.
Call them "Meta[stasize]" (Score:2)
It reflects them more accurately.
Re: (Score:2)
Because we are a branding economy and re-branding is just another aspect of the whole process? If news companies tried to highlight this issue, it would hurt their bottom line. Reporting and news is hugely a brand, one that especially in America has become hugely political. If I say Fox News, you instantly get an idea of the "type of people" representing the Brand and the sentiments of the establishment. When individuals push an inconvenient story or truth, they will be canned in a heartbeat.
Most people pro
Re: (Score:2)
They're Facebook, aka metastatic cancer. Why play along with their PR schemes by letting them change their name to avoid even some of the well deserved hate associated with 15 years of deliberate Facebook evil?
In the interests of journalism you could add 'Facebook has changed it's name to Meta' somewhere in the article, but otherwise call a turd a turd.
I prefer "I don't know what Meta is, sounds stupid, don't want to know." and I'm sticking with it. Maybe all memory of any crappy instance of facebook can then fade... probably not that lucky.
Because "matured and stabilized"? (Score:3)
I suggest because "profit".
Title fix (Score:4, Interesting)
Meta Allows More Scam Ads
There ftfy
Re: (Score:3)
Yeah, I can't wait to see all of the wonderful scam tokens that get advertised on Facebook over the next few months. Most of them will probably rival the Squid Game token in overall investment quality.
Easy Money (Score:3)
As an example, crypto.com just bought the sponsorship of the Staples Center (LA Lakers and Clippers home). They are recently all over the Formula 1 circuit, both cars and tracks. I'm sure elsewhere (probably soccer since they splay ads right on their jerseys).
MLB umps have FTX patches on their shirts. I've seen Tezos, a minor crypto on a Formula 1 car.
I'm sure Facebook would like to have a taste of that money being thrown around.
restrictions??? (Score:2)
Re: (Score:2)
A Facebook restriction is like Willy Wanka (The Gene Wilder version ) trying to stop a kid from doing something that could harm them or others.
"no, please stop"
Cancer... (Score:2)
...is still cancer regardless of the name.
Re: (Score:2)
...is still cancer regardless of the name.
That's why I think this "Meta" name is way more appropriate now - since it's short for "Metastasize".
Re: (Score:2)
Are you talking about Meta or cryptocurrency?
Re: (Score:2)
I live in a rural area, I don't see any crime. So lets move all the criminals to rural areas, because there is no crime there, and they won't commit crimes.
If you use Facebook or not, you are still in the area of its influence, as a major player in Online Advertising, what Facebook deems appropriate or not, will often leak out to others, even to a point where you Ad blocker may fail to stop the ads.
Facebook adding scams to misinformation (Score:1)
Their ad policy allows scams (Score:3)
It seems that most of the ads I see on fb are scams. When I report them, the robot classifies me as "engaged" and sends me more of them
They all follow the same formula....
Scrape the video from a legitimate site.
Offer the product at pennies on the dollar.
Harvest a few bucks from the suckers.
Disappear without a trace
Example: There is a laser rust removal tool that sells for over $10K. The scammers use video from the real site and offer it for $29.99 if you order today
Environment damage (Score:3)
Cc's are Facebooks wet dream (Score:3)