Facebook is firing back against misleading and
deceptive ad practices, and ICOs, cryptocurrencies and binary options are at the top of their list.
Not exact matches
Just last week, Facebook announced that it is banning
ads promoting cryptocurrencies in an effort to prevent users from advertising «financial products and services frequently associated with misleading or
deceptive promotional
practices.»
The social media giant said it would prohibit
ads for financial products and services «that are frequently associated with misleading or
deceptive promotional
practices.»
Although Facebook's chief executive, Mark Zuckerberg, has expressed an interest in digital currencies, the company said
ads for them were «frequently associated with misleading or
deceptive promotional
practices.»
The social network said Tuesday that it would ban all
ads for Bitcoin and other cryptocurrencies, in order to stop promotions that it sees as «frequently associated with misleading or
deceptive promotional
practices.»
Facebook banned
ads associated with digital currencies in January this year, citing
deceptive advertising
practices.
``... that prohibits
ads that promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency.»
New York's Attorney General began an investigation over DeVry's (NYSE: DV) TV
ads and other marketing channels that are alleged to contain false advertising and
deceptive practices.
We recently had
deceptive ads removed from a number of apps and prohibited two entire advertising networks from providing services to applications on Facebook Platform because they were not compliant with our policies and failed to correct their advertising
practices.»
Facebook is banning all cryptocurrency - related
ads, including those involving bitcoin, claiming that such
ads are «frequently associated with misleading or
deceptive promotional
practices».
The move follows Facebook's decision to block cryptocurrency
ads, which was announced at the end of January; the social network said that these financial products and services are «frequently associated with misleading or
deceptive promotional
practices,» and cited examples of
ads that invited users to start binary options trading, buying into ICOs, and purchasing cryptocurrency.
The policy specifically prohibits
ads that promote those types of products and services «that are frequently associated with misleading or
deceptive practices,» Facebook Product Management Director Rob Leathern wrote in a blog post today.
Facebook argued that banning cryptocurrency
ads makes sense as such content is «frequently associated with misleading or
deceptive promotional
practices.»
Rob Leathern, the company's product management director, wrote in a Jan. 30 blog post that the new policy targets «
ads that promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency.»
Product management director Rob Leathern explained the decision in a blog post, saying Facebook will no longer accept
ads that «promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices.»
To be clear, Facebook says that these financial products and services are «frequently associated with misleading or
deceptive promotional
practices,» and has a few choice examples to explain what sort of
ads will disappear from its feed, which you can see below:
Beginning Tuesday, Twitter will ban cryptocurrency
ads and other material that promote «financial products and services frequently associated with misleading or
deceptive promotional
practices.»
In January, Facebook announced it would prohibit
ads that «promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency.»
Facebook is banning all
ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling «financial products and services frequently associated with misleading or
deceptive promotional
practices.»
«This policy is intentionally broad while we work to better detect
deceptive and misleading advertising
practices,» wrote Rob Leathern, one of Facebook's
ad tech directors.
Facebook has been working on steps to reduce
deceptive trade
practices, such as banning crypto - related
ads, ICOs and binary options.
In its new advertising policy, Facebook outlines that it will prohibit
ads that «promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices.»
Due to the rise in scams, Facebook is now prohibiting
ads that «promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency.»
According to the company,
ads must NOT «promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings, or cryptocurrency.»
The company's Product Management Director Rob Leathern wrote that Facebook was «prohibiting
ads that promote financial products and services frequently associated with misleading or
deceptive promotional
practices, such as binary options, ICOs and cryptocurrency.»
This week it was reported on CNBC that Facebook has announced that it would be banning all
ads for ICOs and crypto in what it deems «financial products and services frequently associated with misleading or
deceptive promotional
practices.»
Facebook said in a blog post in late January that it would block «
ads that promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency.»
Facebook claims there are «many» companies promoting binary options, ICOs and cryptocurrencies that are using
deceptive practices in their
ads.
The social media network accuses said
ads of «promot [ing] financial products and services that are frequently associated with misleading or
deceptive promotional
practices,» claiming that «there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.»
To protect their users, Google banned these cryptocurrency
ads because they are «frequently associated with misleading or
deceptive promotional
practices.»
On the 30th of January, Facebook announced a new advertising policy that saw the prohibiting of «
ads that promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency.»
If true, the move closely tracks similar decisions by Google, which banned cryptocurrency - related
ads from appearing in its
ad networks this week, and Facebook, which did the same in January as part of a crackdown on «financial products and services that are frequently associated with misleading or
deceptive promotional
practices.»
Mark Zuckerberg's social network banned cryptocurrency
ads in January, saying such type of content is «frequently associated with misleading or
deceptive promotional
practices.»
Ads must not promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings (ICOs) or cryptocurrency.
Facebook adds that they are working to improve detection of
deceptive and misleading
ad practices, and will be enforcing the policy across other platforms including Audience Network and -LSB-...]
CNBC reported earlier today that Facebook is banning all
ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling «financial products and services frequently associated with misleading or
deceptive promotional
practices.»
As Recode reports, Facebook has instigated a new blanket ban policy which «prohibits
ads that promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency».
In Janury, Facebook banned all
ads promoting cryptocurrencies and ICOs as these
ads are «frequently associated with misleading or
deceptive promotional
practices.»
Rob Leathern, Product Management Director at Facebook, said that «misleading or
deceptive ads have no place on Facebook»; cryptocurrencies and ICOs would no longer be allowed to advertise as they are «frequently associated with misleading or
deceptive promotional
practices».
«
Ads must not promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings, or cryptocurrency,» Facebook announced on Tuesday.
In a blog post by Facebooks» Rob Leathern, the social media giant is trumpeting a new policy, banning
ads that «promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices.»
«We've created a new policy that prohibits
ads that promote financial products and services that are frequently associated with misleading or
deceptive promotional
practices, such as binary options, initial coin offerings and cryptocurrency».
This policy by Facebook is said to be a worldwide crackdown as Facebook also declared their willingness to detect
deceptive and misleading advertising
practices and they are also opening the floor for Facebook users to help report any such
ads or misleading /
deceptive scams.
This began in January when Facebook announced it was banning
ads that are «frequently associated with misleading or
deceptive practices,» including initial coin offerings (ICOs) and cryptocurrencies.
The decision is due to the Facebook's intention to prohibit
ads of financial services and products «that are frequently associated with misleading or
deceptive promotional
practices.»