Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Facebook Takes Down Network Tied to Conservative Group, Citing Fake Accounts -- Update

10/08/2020 | 12:42pm EST

By Dustin Volz

Facebook Inc. said it removed a network of accounts with links to a U.S. conservative political youth group for posing as fake users to praise President Trump and criticize his Democratic rival, Joe Biden.

The social-media giant's move is among a number of steps it has taken in recent weeks to curb misinformation on the platform and one of its most high-profile actions against a domestic political operator.

The company said Thursday it had removed 200 Facebook accounts, 55 Facebook pages and 76 Instagram accounts that were run by Rally Forge, a U.S. marketing firm, for violating rules against "coordinated inauthentic behavior." Rally Forge, which Facebook said was now banned, was working on behalf of two clients, including Turning Point USA, a Phoenix-based conservative youth organization.

Turning Point USA was founded by Charlie Kirk, a prominent conservative activist and staunch Trump supporter who spoke at the Republican National Convention in August.

The social-media campaign, which dated back to 2018 and saw resurgent activity in June of this year, included using fake accounts that posed as politically conservative people in the U.S. to comment on content shared by others, Facebook said. In 2018 the operation also included posing as left-leaning individuals, the company said.

About 373,000 accounts followed one or more of the Facebook pages and 22,000 followed one or more of the Instagram accounts, and Rally Forge spent $973,000 on Facebook and Instagram ads connected to both authentic and inauthentic accounts that were removed, Facebook said.

The topics of focus included the presidential race, the 2018 midterm elections and the coronavirus. Facebook identified the operation as posting frequent recent comments on pages run by major media outlets, including the New York Times, the Washington Post and Fox News.

Facebook said the campaign deployed thinly veiled personas in which the account names used were slight variations of the real names of individuals operating them.

Turning Point USA and Rally Forge didn't immediately respond to a request for comment. Turning Point USA has previously denied being connected to activity on social media that doesn't represent authentic political activism.

Write to Dustin Volz at dustin.volz@wsj.com

(END) Dow Jones Newswires

10-08-20 1241ET

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK INC 3.16% 276.92 Delayed Quote.34.92%
FOX CORPORATION 3.33% 29.48 Delayed Quote.-20.47%
THE NEW YORK TIMES COMPANY 0.46% 41.19 Delayed Quote.27.45%
All news about FACEBOOK INC
11/24YouTube bans One America News Network from posting new videos for a week
RE
11/24NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11/24U.S. senators urge Facebook, Twitter for tighter checks before Georgia runoff..
RE
11/24NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11/24FACEBOOK : Says Ads For Giving Tuesday Are OK, So Long As They Aren't About Soci..
AQ
11/24NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11/24NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11/24Stock-Market Titans Amazon, Google and Facebook Are Also Driving Commercial R..
DJ
11/24Tech giants ask Malaysia PM to reinstate foreign ship cable waiver
RE
11/23Stocks rise on cyclical boost but megacaps curb gains
RE
More news
Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 29,7x
Yield 2020 -
Capitalization 789 B 789 B -
EV / Sales 2020 8,67x
EV / Sales 2021 6,80x
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 276,92 $
Spread / Highest target 35,4%
Spread / Average Target 14,0%
Spread / Lowest Target -56,7%
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
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK INC34.92%788 749
MATCH GROUP, INC.68.88%36 884
TWITTER41.12%35 883
LINE CORPORATION0.56%12 483
SINA CORPORATION8.46%2 587
NEW WORK SE-17.12%1 616