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Stock impact report

U.S. regulators target Facebook, alleging discriminatory housing ads [Los Angeles Times (CA)]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
U.S. regulators target Facebook, alleging discriminatory housing ads Federal regulators are alleging that Facebook Inc.'s advertising tools allow landlords and real estate brokers to engage in housing discrimination. The U.S. Department of Housing and Urban Development said in an administrative complaint this week that Facebook violated the Fair Housing Act because its targeting systems allow advertisers to exclude certain audiences, such as families with young children or disabled people, from seeing housing ads. “When Facebook uses the vast amount of personal data it collects to help advertisers to discriminate, it's the same as slamming the door in someone's face,” HUD Assistant Secretary Anna Maria Farias said in a statement Friday. Service providers such as Facebook typically aren't liable for the actions of their users. In a separate, civil lawsuit filed by housing advocates, the Justice Department says Facebook doesn't fall under that category because it mines user data — some Show less Read more
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