Facebook must remove fake Bitcoin ads featuring Big Brother creator or pay $1.2M

Facebook must remove fake Bitcoin ads featuring Big Brother creator or pay $1.2M 1

The billionaire creator of Big Brother, John de Mol, has successfully sued Facebook.

A Dutch court has ordered the social media giant to remove advertisements that feature his likeness to promote fraudulent Bitcoin BTC investments, Reuters reports.

Facebook must take down the fraudulent ads or reportedly face fines of up to 1.1 million ($1.2 million).

The social media giant reportedly argued that it’s simply a “neutral funnel for information” and cannot be obligated to act. Reuters noted the court said this was “not acceptable.”

“The company plays too active a role with respect to advertisements, which form its primary business model to argue that,” said the court, reportedly.

The court also highlighted that Facebook sets a pricing policy for ads, as well as policies for deciding on which advertisements are published on its platform.

In September, Hard Fork reported that negotiations between Facebook and de Mol had been ongoing for three months, amounting to basically nothing.

John de Mol’s legal team estimated that investors had lost 1.7 million ($1.88 million) due to the fraudulent ads.

Published November 11, 2019 — 18:49 UTC

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 61,232.00
ethereum
Ethereum (ETH) $ 4,237.02
binance-coin
Binance Coin (BNB) $ 489.45
tether
Tether (USDT) $ 0.999256
cardano
Cardano (ADA) $ 2.00
solana
Solana (SOL) $ 198.10
xrp
XRP (XRP) $ 1.06
polkadot
Polkadot (DOT) $ 42.45
dogecoin
Dogecoin (DOGE) $ 0.295804
shiba-inu
Shiba Inu (SHIB) $ 0.000063
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 61,232.00
ethereumEthereum (ETH)
$ 4,237.02
tetherTether (USDT)
$ 0.999256
bitcoin-cashBitcoin Cash (BCH)
$ 584.10
litecoinLitecoin (LTC)
$ 191.32
bitcoinBitcoin (BTC)
52.770,66
ethereumEthereum (ETH)
3.651,53
tetherTether (USDT)
0,861174
bitcoin-cashBitcoin Cash (BCH)
503,39
litecoinLitecoin (LTC)
164,88
bitcoinBitcoin (BTC)
44,524.85
ethereumEthereum (ETH)
3,080.95
tetherTether (USDT)
0.726609
bitcoin-cashBitcoin Cash (BCH)
424.73
litecoinLitecoin (LTC)
139.12

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021

Blockchain/Cryptocurrency Questions and Answers

Bitcoin's Popularity
Top Reasons Why Bitcoin’s Popularity is Growing
October 28, 2021
Ethereum
Everything You Ever Wanted To Know About Ethereum
October 28, 2021
Top 5 Crypto Funds You Should Definitely Follow Too
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,087 1.52 % 3.37 % 7.78 %
Ethereum4,259.6 0.44 % 6.37 % 2.15 %
Binance Coin489.43 1.03 % 7.62 % 2.72 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.000 1.40 % 2.12 % 8.98 %
Solana198.49 0.57 % 4.45 % 13.04 %
XRP1.060 1.35 % 4.07 % 7.46 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2993 1.19 % 22.83 % 17.59 %
Shiba Inu0.00006460 1.79 % 15.43 % 120.93 %

bitcoin
Bitcoin (BTC) $ 61,232.00
ethereum
Ethereum (ETH) $ 4,237.02
binance-coin
Binance Coin (BNB) $ 489.45
tether
Tether (USDT) $ 0.999256
cardano
Cardano (ADA) $ 2.00
solana
Solana (SOL) $ 198.10
xrp
XRP (XRP) $ 1.06
polkadot
Polkadot (DOT) $ 42.45
dogecoin
Dogecoin (DOGE) $ 0.295804
shiba-inu
Shiba Inu (SHIB) $ 0.000063