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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook : bans all QAnon groups as dangerous amid surging misinformation

10/06/2020 | 06:21pm EST
FILE PHOTO: A sticker that references the QAnon slogan is seen on a truck that participated in a caravan convoy in U.S. state of Georgia

SAN FRANCISCO (Reuters) - Facebook Inc on Tuesday classified the QAnon conspiracy theory movement as dangerous and began removing Facebook groups and pages as well as Instagram accounts that hold themselves out as representatives.

The step escalates an August policy that banned a third of QAnon groups https://www.reuters.com/article/idUSKCN25F2HY for promoting violence while allowing most to stay, albeit with content appearing less often in news feeds. Instead of relying on user reports, Facebook staff now will treat QAnon like other militarized bodies, seeking out and deleting groups and pages, the company said in a blog post https://about.fb.com/news/2020/08/addressing-movements-and-organizations-tied-to-violence.

Since the August restrictions, some QAnon groups have added members, and others used coded language to evade detection, for example referring to "cue" instead of Q. Meanwhile, adherents have worked to integrate themselves in other groups, such as those concerned with child safety and those critical of restrictions on gatherings due to the coronavirus, according to researchers at Facebook and elsewhere.

"While we've removed QAnon content that celebrates and supports violence, we've seen other QAnon content tied to different forms of real world harm, including recent claims that the west coast wildfires were started by certain groups," Facebook wrote.

"QAnon messaging changes very quickly and we see networks of supporters build an audience with one message and then quickly pivot to another."

Recent QAnon posts have spread false information about voting and about COVID-19, researchers said, even claiming that President Donald Trump faked his diagnosis of COVID-19 in order to orchestrate secret arrests.

Classed as a potential source of domestic terrorism by the FBI, QAnon is driven by an anonymous internet poster nicknamed Q who claims to be a Trump administration insider. The core, nonsensical claim is that Trump is secretly leading a crackdown against an enormous pedophile ring that includes prominent Democrats and the Hollywood elite.

There has been no surge in arrests, and the fictitious Satanic rituals that the group cites echo longstanding legends used to anger people for political reasons, often against minorities.

Trump has praised the group as patriotic, and more than a dozen Republican congressional candidates have promoted it.

(Reporting by Joseph Menn in San Francisco; Editing by David Gregorio and Matthew Lewis)

By Joseph Menn


© 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 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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