You are viewing the "Facebook" Archives
CEO Jack Dorsey announced that Twitter will stop running political ads, citing online ads’ “significant risks to politics.” Facebook has been criticized for allowing deceptive political ads.
At a congressional hearing, the CEO acknowledged he is not “the ideal messenger” for Facebook’s digital currency plan, but said innovation is essential to American financial leadership.
The legislation by a freshman Republican senator would prohibit features like auto-play and infinite scrolling, used by social media companies to keep users on their platform longer.
Under a settlement with the Federal Trade Commission, the company will pay $5 billion and its co-founder could be subject to penalties if Facebook doesn’t comply with the agreement.
Facebook reported strong profits on Wednesday but also revealed it is setting aside $3 billion to pay a penalty to regulators for violating users’ privacy.
The company says such content is linked to white supremacy and organized hate groups. Users who search for terms related to white supremacy will be directed to an anti-hate site.