Meta and other major social media platforms are actively considering advertising opportunities in the cryptocurrency space, particularly with the recent regulatory clarity.
Big tech giants are increasingly embracing the cryptocurrency market, with regulated products like Bitcoin ETFs witnessing significant inflows over the past 20 days. Following the recent launch of Bitcoin ETF ads on Google Search and YouTube, other players such as Meta are expected to follow suit.
Nate Geraci, President of ETF Store, suggests that Facebook and Instagram may soon allow advertisements for spot Bitcoin Exchange-Traded Funds (ETFs), signaling a possible change in advertising policies on popular social media platforms.
Geraci’s observations indicate that opening up to ads related to spot Bitcoin ETFs could broaden the reach of these products, particularly on platforms like Facebook, known for its significant demographic of older users.
The intersection of cryptocurrency and ETF markets highlights the potential significance of major social media platforms embracing Bitcoin ETF advertisements.
Moreover, launching Bitcoin ETF ads on platforms like Facebook and Instagram, which have large user bases of millennials and Gen Z, could be particularly intriguing. However, not all platforms may be open to offering crypto ads.
Meta (NASDAQ: META) Stock Surges After Dividend Announcement
Meta, parent company of Facebook, saw its stock price soar by a remarkable 20% on Friday, February 2, following the announcement of its first dividend payout. The company has authorized $50 billion for share buybacks and declared a quarterly dividend of 50 cents per share.
This surge in stock price comes amidst robust results and strong returns from Meta’s investments in emerging technologies like the “metaverse.” The boost in stock value is expected to enhance investor confidence in Meta, which has faced challenges in recent times. The company’s restructuring efforts have proven successful, with a focus on cost reduction leading to the departure of over 21,000 employees since late 2022. CEO Mark Zuckerberg has dubbed 2023 as the “Year of Efficiency.”
Furthermore, Meta is poised to compete with tech giants such as Microsoft and Alphabet in the AI space. The company has showcased advancements in AI with the introduction of the Llama 2 model, and the upcoming Llama 3 indicates ongoing innovation in this field.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#bitcoinetf #Facebook #Instagram

In a recent development, former President Donald Trump has issued a warning to Meta CEO Mark Zuckerberg about potential legal consequences related to alleged election interference in 2024. Trump has accused Zuckerberg of being involved in attempts to influence the outcome of the upcoming presidential election. The former president's comments come amidst ongoing investigations into various aspects of election integrity and campaign conduct.
Trump’s allegations focus on claims that social media platforms, including Facebook, have played a role in manipulating public opinion or suppressing certain narratives. The former president has expressed concerns that such actions could lead to significant legal repercussions for those involved in these alleged activities.
Zuckerberg, who has previously faced scrutiny over Facebook’s role in election-related issues, has yet to publicly respond to Trump’s latest claims. The situation underscores the continuing tension between political figures and tech giants regarding the influence of social media on democratic processes. As the election approaches, the spotlight remains on how these dynamics will unfold and whether they will lead to further legal challenges or regulatory changes.#TrumpCryptoSupport #Facebook #Ceo #VOTEme

#Facebook and #Instagram have stated that as of April 11, 2023, they would no longer support NFT. In other words, all digital objects on Instagram, including articles with digital items, will stop functioning.

The ability for users to post new digital objects will be removed and any items they have already shared will continue to exist as postings but without sparkles or #blockchain data. These posts may still be deleted by users at any time. If an article contains an item that can only be viewed in the profile's tab for digital objects, the article will be archived.

Additionally, users' profiles on Facebook and Instagram will no longer be connected to or linked to outside e-wallets. Users can no longer change their third-party e-wallet connection settings or access their digital items in the relevant tab.

In particular, consumers won't be able to access or download information about specific items after April 11, 2023. Users have until that date to file a request if they want to download their data. Digital item data, such as wallet addresses, will start to be removed from Facebook and Instagram's servers. In compliance with their terms of use and privacy policy for digital items, they will both retain and remove data.

As users will no longer be able to view or manage their digital things beyond the deadline of April 11, 2023, this is a significant development for users of Instagram. Users who have spent money and time on the platform creating and collecting digital products will need to find new arrangements. Since more social media platforms are embracing #digital collectibles, it is unclear how this would effect the larger #NFT ecosystem.

This news is republished from https://coinaquarium.io/

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