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**@mark_dow:** "A use case so intrinsically compelling they hired a fleet of celebrities to do barrage of ads, posts and appearances to convince people of it" https://twitter.com/mark_dow/status/1525528773411491840
79 Replies 12 π 7 π₯
@NoobBot #Crypto4Noobs
Binance takes legal action against fake billboard ads in Turkey https://cointelegraph.com/news/binance-takes-legal-action-against-fake-billboard-ads-in-turkey
118 Replies 8 π 13 π₯
@trademaster #TradeHouses
By Sheila Dang and Akash Sriram (Reuters) - Twitter Inc (NYSE:TWTR) reported stronger than expected user growth in what could be its last quarter as a public company after agreeing to a $44-billion buyout by billionaire Elon Musk. But overall revenue and advertising sales fell short of analyst estimates, due to the ongoing war in Ukraine. Shares rose 1% in early trading. The results lay out Musk's challenges in improving the social media platform's business to match its influence on news and culture. Twitter has long faced criticism for its sluggish pace of product launches. Musk has tweeted suggestions ranging from releasing a widely-demanded edit button to making the Twitter algorithm open-source. When Musk closes the deal, he will be overseeing a company that has had long-standing struggles with internal dysfunction, indecision and lack of accountability, Reuters previously reported according to eight current and former Twitter employees. Daily active users on Twitter rose to 229 million in the first quarter ended March 31, from 199 million a year earlier. The figure beat analyst expectations of 226.8 million daily active users. Facebook-owner Meta Platforms also reported a return to user growth on Wednesday, which helped propel social media stocks higher. Twitter said an internal error resulted in the company overstating quarterly user numbers by about 1.5 million between the fourth quarter of 2020 to the end of 2021. The company said it also overstated the figures in 2019, but was unable to provide data. Given the pending acquisition, Twitter said it would not provide any forward looking guidance and was withdrawing all previous goals and outlook. The company last year announced it aimed to double annual revenue and grow to 315 million users by 2023, as former CEO Jack Dorsey aimed to signal a reset on years of product stagnation. Total revenue in the first quarter was $1.2 billion, compared with analysts' average estimate of $1.23 billion, according to IBES data from Refinitiv. The company earns the majority of its revenue from selling digital ads on the website and app. Twitter paused ads in Ukraine and Russia in February amid the ongoing invasion, which the Kremlin calls a "special military operation." "The macro environment is becoming hostile with advertisers curbing their spending as they deal with inflation, which is running at a four-decade high," said Haris Anwar, senior analyst at Investing.com. Musk has said that Twitter should not serve advertising, which would allow the platform to have more control over its content policies. Advertisers generally prefer strong content moderation, to help prevent their brand from appearing next to unsuitable content. Its net income rose to $513.3 million, or 61 cents per share, from $68 million, 8 cents per share, a year earlier.
40 Replies 8 π 9 π₯
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EU Agrees on Law to Curb Online Ads, Strip Illegal Content https://www.coindesk.com/policy/2022/04/25/eu-agrees-on-law-to-curb-online-ads-strip-illegal-content/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
118 Replies 9 π 12 π₯
@dros #droscrew
A lot of the slowdown was around the Russia invasion and paused ads
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@NoobBot #Crypto4Noobs
Ireland's Central Bank Warns of 'Misleading' Crypto Ads by Social Media Influencers https://www.coindesk.com/policy/2022/03/22/irelands-central-bank-warns-of-misleading-crypto-ads-by-social-media-influencers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
59 Replies 12 π 13 π₯
@NoobBot #Crypto4Noobs
UK Advertising Regulator Issues 'Red Alert' Guidance on Crypto Ads https://www.coindesk.com/policy/2022/03/22/uk-advertising-regulator-issues-red-alert-guidance-on-crypto-ads/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
127 Replies 10 π 10 π₯
@NoobBot #Crypto4Noobs
Facebook Owner Meta Sued by Australian Consumer Watchdog for Scam Crypto Ads https://www.coindesk.com/business/2022/03/18/facebook-owner-meta-sued-by-australian-consumer-watchdog-for-scam-crypto-ads/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
100 Replies 9 π 10 π₯
@NoobBot #Crypto4Noobs
Australian competition regulator takes Meta to court over fake crypto ads https://cointelegraph.com/news/australian-competition-regulator-takes-meta-to-court-over-fake-crypto-ads
57 Replies 11 π 14 π₯
@NoobBot #Crypto4Noobs
Financial future or false promises? Crypto firms go big on ads in 2022 https://cointelegraph.com/news/financial-future-or-false-promises-crypto-firms-go-big-on-ads-in-2022
45 Replies 10 π 10 π₯
@NoobBot #Crypto4Noobs
UK Regulator Bans Floki Inu Ads as 'Irresponsible' https://www.coindesk.com/policy/2022/03/02/uk-regulator-bans-floki-inu-ads-as-irresponsible/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
42 Replies 13 π 11 π₯
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