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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook : Bans Posts Denying the Holocaust on Its Platforms

10/12/2020 | 03:35pm EST

By Jeff Horwitz

Facebook Inc. said it would begin removing Holocaust denials from its social media platforms, a concession following years of complaints from civil rights groups that the company was tolerating hate speech.

The move -- announced in a blog post Monday and on Chief Executive Mark Zuckerberg's personal Facebook page -- is the latest step by Facebook broadening its approach to content removals. Typically the company sought to impose removals in instances where the material in posts posed imminent harm to an individual or group of people. In recent months, Facebook has banned groups and pages devoted to spreading the wide-ranging conspiracy theory known as QAnon as well as militia groups.

How Facebook deals with content disputing the Holocaust has been a longstanding subject of controversy. In 2018, Mr. Zuckerberg drew widespread condemnation from civil rights and Holocaust remembrance organizations when he defended the right of Holocaust deniers to express their views on Facebook. In an interview with tech publication Recode he said he didn't believe they were "intentionally getting it wrong."

Mr. Zuckerberg said his thinking has since changed.

"I've struggled with the tension between standing for free expression and the harm caused by minimizing or denying the horror of the Holocaust, " Mr. Zuckerberg wrote, citing data showing an increase in anti-Semitic violence as helping sway his decision. "Drawing the right lines between what is and isn't acceptable speech isn't straightforward, but with the current state of the world, I believe this is the right balance."

Write to Jeff Horwitz at Jeff.Horwitz@wsj.com

(END) Dow Jones Newswires

10-12-20 1534ET

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Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 28,8x
Yield 2020 -
Capitalization 765 B 765 B -
EV / Sales 2020 8,38x
EV / Sales 2021 6,57x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 315,73 $
Last Close Price 268,43 $
Spread / Highest target 39,7%
Spread / Average Target 17,6%
Spread / Lowest Target -55,3%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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