Facebook Inc. (FB) said Thursday that it won't accept new political ads in the week leading up to the U.S. presidential election as part of a broader move by the social-media giant to reduce misinformation on is platform surrounding the election. The company announced in a blog post that it also plans to remove posts telling people that they could contract COVID-19 from voting, and Facebook will provide a link to "authoritative information about the coronavirus to posts that might use COVID-19 to discourage voting." The company intends to "attach an informational label to content that seeks to delegitimize the outcome of the election or discuss the legitimacy of voting methods," including for posts "claiming that lawful methods of voting will lead to fraud." If candidates claim victory on Election Day before the final results have come in, Facebook will label those posts as well and direct people to "the official results from Reuters and the National Election Pool." Social-media sites including Facebook have come under scrutiny for their role in the spread of misinformation about the COVID-19 crisis and the actions taken by their leadership teams to stop the dissemination of false information. Facebook shares have gained 34% over the past three months as the S&P 500 has risen 15%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 03, 2020 07:56 ET (11:56 GMT)
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