Abril 25, 2018

Obama tried to warn Zuckerberg about Facebook's fake news problem

28 Setiembre 2017, 05:48 | Dolorita Barahona

Getty Images

Getty Images

Facebook Inc. (NASDAQ:FB) has made an announcement about its plans to ensure election integrity moving forward.

Zuckerberg had been scheduled to take the stand in the shareholders suit in DE on 26 September, in a hearing open to the public. I don't want anyone to use our tools to undermine democracy. "That's not what we stand for".

USA intelligence agencies concluded that Russian Federation engaged in cyber attacks to sway the 2016 election against Democrat Hillary Clinton in favour of Trump.

The accounts that posted over 3,000 ads appeared to be linked to a Russian entity that goes by the Internet Research Agency, according to Facebook's official statement written by Colin Stretch, general counsel.

Google has said it has no evidence on its ad platform of a Russian propaganda campaign like the one Facebook found. In a statement, Facebook said it found "roughly 3,000" ads connected to 470 inauthentic accounts and pages it believes were "affiliated with one another and likely operated out of Russian Federation".

Congress and the special counsel are now turning to US social media companies for more answers.

Hillary Clinton told Vox this month that the media failed to scrutinize Trump enough.

In the video, Zuckerberg outlined a plan for bringing Facebook's political ads to "an even higher standard of transparency". When someone buys political ads on TV or other media, they are required by law to disclose who paid for them. In fact, we now plan to accelerate our work and sell more of those shares sooner. It is unclear how many people at the company are now working on election integrity.

SYDELL: It's making changes to the process of placing political ads on the network. "There will always be bad people in the world, and we can't prevent all governments from all interference".

Following the settlement, Zuckerberg said he would sell between 35 million and 75 million shares in the company over the next 18 months to support his other company, the Chan Zuckerberg Initiative, which invests in technology to address social issues.

President Donald Trump initially drafted a statement about his son's meeting while flying home from Germany on July 8, saying the lawyer, Natalya Veselnitskaya, a former Moscow Region prosecutor and counsel to the Russian-owned Prevezon Holdings in a USA money-laundering case "had primarily discussed a program about the adoption of Russian children".

Indeed, Facebook's share price has risen by 50 percent since he first announced creation of the Class C shares, and his decision not to issue them might well drive it higher still.

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