Twitter’s Stock Could Feel More Love if Jack Dorsey Would OK Crypto Ads
Twitter’s stock could join the FANG movement if Jack Dorsey would open the door to crypto ad revenue. | Source: REUTERS/Anushree Fadnavis/File Photo
By CCN: Twitter needs to update its restricted content policies for financial products and services as it relates to crypto. The company is behind the times now that Facebook has decided to loosen up about the market. Jack Dorsey is one of bitcoin’s biggest fans in Silicon Valley. Yet for some reason, his social media company remains mired in red tape for crypto startups looking to advertise. Twitter implemented the ban on crypto-related ads last year. If he would apply a similar approach that he has adopted for his other company Square, the sky would be the limit for Twitter’s stock.
Here’s what’s banned from advertising on Twitter:
- Token sales
And here’s what’s restricted:
- Crypto Exchanges
- Crypto “hot” wallets
Isn’t it time to revisit these rules?
Twitter Could Dominate the Tech Era
This is the year of tech with the FANG stocks – Facebook, Amazon, Netflix, and Google parent Alphabet – all leading the stock market higher. Twitter is in there, too, generating returns of 35% year-to-date. This compares to 40% gains over the same period for Facebook’s stock.
Facebook, however, is close to revealing its new cryptocurrency, which prompted the changes in its crypto ad policy.