LinkedIn co-founder Eric Ly: Social media ban on cryptocurrency ads is temporary
36氪
2018-04-23 15:20
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These platforms have taken very conservative measures of self-protection with themselves.

Eric Ly is the co-founder of LinkedIn and has served as the company's chief technology officer. In 2002, Eric Ly co-founded LinkedIn with his Stanford classmates and colleagues (then left in 2006). Before that, he was also responsible for technology work at Steve Jobs' NeXT, IBM and General Magic.

Recently, Facebook, Google, Twitter and other social networks and Internet giants have announced the prohibition of cryptocurrency advertisements. Regarding this issue, Eric Ly said:

“I think these platforms have taken very conservative measures to protect themselves. Recently, the US Securities and Exchange Commission (SEC) has asked a lot of questions and issued subpoenas to many cryptocurrency and blockchain companies. I think these technology giants The focus may not be on new ad protections, but on ICO activity and avoiding potential, uncertain conflicts with regulators.”

Eric Ly believes that the simultaneous ban on cryptocurrency advertising by multiple Internet giants is only temporary, because like many industry sectors, advertising needs to support as many areas as possible. So when regulators finish cleaning up the industry, legal advertising for cryptocurrency sales will reappear on these platforms.

When talking about whether LinkedIn will also participate in the ban on cryptocurrency advertisements, Eric Ly said:

"I don't think LinkedIn is the same as other social platforms, but they probably haven't made a decision yet, so we still have to wait and see if they join the tech giants in the direction of banning cryptocurrency ads. However, if LinkedIn is based on similar reasons I wouldn't be surprised to make a similar decision."

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