Facebook May Ban Political Ads Ahead of Election: Report [TheStreet.com]
Meta Platforms, Inc. - Class A (FB)
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Source: TheStreet.com
Facebook Inc.,(FBGet ReportThe move, which would represent a sharp turnabout for the company, comes as Facebook faces increasing discontent with many of its content policies.A political ad halt might help prevent false information from spreading easily in the days and hours before the election, Bloomberg reported, citing people familiar with the company’s thinking.However, some critics argue that such a ban could hurt efforts to get out the vote and campaigns’ ability to counter false charges made in other media, according to the report.Then-candidate Donald Trump leveraged Facebook ads and targeting tools to aim messages at very specific groups to help boost his support in the 2016 election. At the same time, Russian operatives used the platform to amplify misinformation and divisive messages, the report noted.Facebook CEO Mark Zuckerberg has famously refused to engage in fact-checking of political advertising on the platform, arguing that “in a democracy, I don't think it's right fo
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