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Facebook To Attempt 'Game Changing' Overhaul In Ad Discrimination Settlement [Forbes]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Forbes
Facebook To Attempt 'Game Changing' Overhaul In Ad Discrimination Settlement In this Jan. 9, 2019 photo, media and guests mingle before a tour of Facebook's new 130,000-square-foot offices, which occupy the top three floors of a 10-story Cambridge, Mass. building. (Credit: AP Photo/Elise Amendola) After years of criticism and legal responses, Facebook has agreed to overhaul its system for housing, credit, and employment ads as part of a settlement with several parties who alleged discrimination. On Tuesday, Facebook announced it had reached a settlement in multiple lawsuits alleging discrimination in the platform's advertising practices. The settlement includes significant changes to Facebook's advertising system around ads for housing, credit, and employment opportunities, which has allowed advertisers to target viewers according to their age, race, gender, and other categories protected under civil rights laws. Going forward, Facebook will separate advertisements for housing, credit Show less Read more
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