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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook : Twitter take action over Trump's misleading COVID-19 posts

10/06/2020 | 01:48pm EST

Oct 6 (Reuters) - Facebook Inc and Twitter took action on posts from U.S. President Donald Trump on Tuesday for violating their rules against coronavirus misinformation by suggesting that COVID-19 was just like the flu.

Facebook took the post down but not before it was shared about 26,000 times, data from the company's metric tool CrowdTangle showed.

"We remove incorrect information about the severity of COVID-19," a company spokesman told Reuters.

The world's largest social media company, which exempts politicians from its third-party fact-checking program, has rarely taken action against posts from the Republican U.S. president.

Twitter disabled retweets on a similar tweet from Trump on Tuesday and added a warning label that said it broke its rules on "spreading misleading and potentially harmful information related to COVID-19" but that it might be in the public interest for it to remain accessible.

During the 2019-2020 influenza season, the flu was associated with 22,000 deaths in the United States, according to estimates from the U.S. Centers for Disease Control and Prevention. (https://bit.ly/30ByG1m)

Since the first case of the novel coronavirus was recorded in the United States at the beginning of this year, more than 210,000 people in the country have died of the disease caused by the virus, the world's highest death toll.

On Monday, Trump told Americans "to get out there" and not fear COVID-19 as he returned to the White House after a three-night stay in a military hospital outside Washington where he was treated for COVID-19.

"Silicon Valley and the mainstream media have consistently used their platforms to fearmonger and censor President Trump to serve their own agenda, even now during this critical moment in the fight against coronavirus," Trump campaign spokeswoman Courtney Parella said.

Twitter, which has been using labels to flag tweets with misinformation - including from the president - told Reuters it is currently trying to respond more quickly and more overtly.

Facebook removed a Trump post for coronavirus misinformation for the first time in August. The post included a video in which the president falsely claimed that children were "almost immune" to COVID-19.

(Reporting by Elizabeth Culliford in Birmingham, England, Subrat Patnaik in Bengaluru; Editing by Bernard Orr, Sonya Hepinstall and Paul Simao)


© Reuters 2020
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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 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
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