Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads
Social media giants are going to have to answer some questions in court as a class-action suit has been filed:
Google, Facebook, and Twitter Taken to Court Over Crypto Ads Ban
Cryptocurrency companies and individuals are taking Google, Facebook, and Twitter to court over the banning of their cryptocurrency ads from Jan. 30, 2018, to the present. The class-action lawsuit is being filed by Sydney-based law firm JPB Liberty.
The plaintiffs claim that their businesses have been harmed when the three social media giants all banned cryptocurrency advertising in 2018 within weeks of each other. Google then reversed the ban for regulated exchanges in Japan and the U.S. in September 2018. However, the plaintiffs argued that there were not many regulated exchanges at the time.