Meta to Join Google to Allow Bitcoin ETF Ads on Facebook and Instagram
Major tech giants are increasingly embracing the cryptocurrency market, as you can see from the significant inflows observed in well-regulated products such as Bitcoin ETFs over the past 20 days. The recent appearance of Bitcoin ETF ads on Google Search and YouTube points to a growing trend, and other industry leaders, including Meta, are likely to follow suit in the near future.
Meet Bitcoin ETF Ads Coming Soon
In a notable observation, ETF Store President Nate Geraci suggested that Facebook and Instagram may soon allow the display of ads for spot Bitcoin Exchange Traded Funds (ETFs).
Geraci’s prediction points to a potential shift in advertising strategies on popular social media platforms, with expectations that these platforms may open up to spot Bitcoin ETF-related advertising in the near future.
Geraci calls Facebook a potential “boomer honeypot.” implies It is stated that the social media giant’s user base, which includes a significant demographic of older individuals, could play a crucial role in expanding the reach of Bitcoin ETF advertising.
As the cryptocurrency and ETF landscapes continue to intersect, the possibility that major social media platforms will embrace Bitcoin ETF advertising could mark a significant development for the crypto industry.
Moreover, running Bitcoin ETF ads on Facebook and Instagram could be interesting because these platforms have a large user base of millennials and GenZ who are more attuned to the crypto world. But not everyone is willing to serve crypto ads. For example
META Stock Soars 20%, Intensifies Race for Artificial Intelligence
Facebook parent company Meta appears to be a comeback story, as the Meta (NASDAQ: META) stock price jumped a staggering 20% on Friday, February 2, following the company’s first dividend declaration. The company authorized $50 billion in share buybacks and announced a quarterly dividend of 50 cents per share.
This comes against the backdrop of solid results as well as strong returns from investments in emerging technologies such as “metadata”. This increase will definitely increase investors’ confidence in Meta, which has been struggling for a while now. However, the company’s restructuring plans seem to have worked out well.
Meta has focused on cost-cutting over the past year, resulting in the departure of more than 21,000 employees since late 2022. Company chief Mark Zuckerberg called 2023 the “Year of Productivity.”
Interestingly, Meta will also compete with major technology giants such as Microsoft and Alphabet in the field of artificial intelligence. The company demonstrated progress in the field of artificial intelligence with the launch of the Llama 2 model, and the upcoming Llama 3 signals continued innovation in this field.
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Bhushan is a FinTech enthusiast and has a good ability to understand financial markets. His interest in economics and finance draws his attention to the emerging Blockchain Technology and Cryptocurrency markets. He is in a constant learning process and motivates himself by sharing the knowledge he has acquired. In her spare time, she reads thriller novels and sometimes explores her culinary skills.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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