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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook : announces curbs on internal debate of political issues

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09/17/2020 | 05:26pm EDT

Sept 17 (Reuters) - Facebook Inc on Thursday said it would update its internal discussion policies to impose restrictions on employees' ability to debate social and political issues.

A company spokesman said Chief Executive Mark Zuckerberg outlined his plans for the curbs to employees on Thursday, with details of the new rules to be announced next week.

"What we've heard from our employees is that they want the option to join debates on social and political issues rather than see them unexpectedly in their work feed," spokesman Joe Osborne said in a statement.

"We're updating our employee policies and work tools to ensure our culture remains respectful and inclusive."

Osborne said the new rules would apply to employee discussions of how executives handle politically sensitive content on Facebook's platforms, which was the subject of intense internal debates this summer.

He said Facebook aimed to ensure that debate of those decisions could still take place in "appropriate channels," without clogging up other work-related discussions.

The company was also strengthening its harassment policy to keep conversation respectful and protect underrepresented employees, he said.

Google likewise this week said it would expand use of moderation on internal message boards, citing "tough global conversations," CNBC reported https://www.cnbc.com/2020/09/16/google-content-moderation-internal-message-boards-memegen.html on Wednesday.

Like other tech companies, Facebook prides itself on fostering open debate inside the company, while taking a hard line against public disclosure of those conversations.

Conversation flows freely on Workplace, an internal social network that resembles Facebook's namesake platform, and Zuckerberg opens himself to employee questions at a weekly Q&A.

But as staffers have become increasingly vocal about their disagreements with Zuckerberg, statements posted on Workplace have leaked to the press and become a headache for the company.

Discussions grew especially heated after June, when Zuckerberg decided not to take action against a post by U.S. President Donald Trump that used a phrase associated with segregation and police brutality. (Reporting by Katie Paul in San Francisco; additional reporting by Akanksha Rana in Bengaluru; Editing by Aditya Soni, David Gregorio and Diane Craft)


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -2.83% 1586.76 Delayed Quote.21.92%
FACEBOOK INC -2.13% 279.005 Delayed Quote.38.75%
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Financials (USD)
Sales 2020 80 315 M - -
Net income 2020 23 319 M - -
Net cash 2020 62 539 M - -
P/E ratio 2020 35,3x
Yield 2020 -
Capitalization 811 B 811 B -
EV / Sales 2020 9,32x
EV / Sales 2021 7,30x
Nbr of Employees 52 534
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Average target price 295,95 $
Last Close Price 284,79 $
Spread / Highest target 17,6%
Spread / Average Target 3,92%
Spread / Lowest Target -57,9%
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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