Facebook and Instagram May Allow Bitcoin ETF Ads
Nate Geraci, President of ETF Store, predicts that Facebook and Instagram could soon allow the display of advertisements for spot Bitcoin Exchange-Traded Funds (ETFs). This potential shift in advertising policies on popular social media platforms could open up opportunities for Bitcoin ETF ads to reach a broader audience.
Geraci suggests that Facebook’s user base, which includes older individuals, could play a crucial role in expanding the reach of Bitcoin ETF ads. If this change occurs, it would mark a significant development for the crypto industry as cryptocurrency and ETF landscapes continue to intersect.
The launch of Bitcoin ETF ads on Facebook and Instagram could be particularly interesting because these platforms have a large user base of millennials and GenZ who are more familiar with the crypto world. However, not all platforms are willing to offer crypto ads.
Meta Stock Price Surges 20% Amid AI Race
The stock price of Meta (NASDAQ: META), the parent company of Facebook, experienced a remarkable surge of 20% following its first dividend payout announcement. Meta has authorized $50 billion for share buybacks and declared a quarterly dividend of 50 cents per share.
This positive development comes after Meta’s successful restructuring efforts, including cost reduction and the departure of over 21,000 employees. Company CEO Mark Zuckerberg has referred to 2023 as the “Year of Efficiency.”
In addition to its financial success, Meta is also intensifying its competition with tech giants like Microsoft and Alphabet in the field of artificial intelligence (AI). The company has demonstrated advancements in AI with the launch of the Llama 2 model and has plans for ongoing innovation with the upcoming Llama 3.
Hot Take: Meta’s Turnaround Boosts Investor Confidence
Meta’s recent surge in stock price and its focus on cost reduction have significantly boosted investor confidence. The company’s decision to authorize share buybacks and declare a dividend payout indicates a positive outlook for Meta’s future.
Furthermore, Meta’s advancements in AI technology position it as a strong competitor in the industry, challenging other tech giants. With these positive developments, Meta is successfully turning its fortunes around and gaining momentum in the market.
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