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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

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Facebook : shuts NZ party's page before polls over COVID-19 misinformation

10/15/2020 | 12:46am EST

WELLINGTON, Oct 15 (Reuters) - Facebook shut down the page of a fringe New Zealand political party on Thursday, days before a general election, for sharing what the company called misinformation about the novel coronavirus pandemic.

The newly formed Advance NZ Party's page was taken off because of "repeated violations" of Facebook's policy on misinformation about the virus that could lead to imminent physical harm, Facebook said in a statement.

"We have clear policies against this type of content and will enforce on these policies regardless of anyone’s political position or party affiliation," it said.

Advance NZ said Facebook's action was "election interference".

“This is a cynical example of election interference by an American-owned social media outlet that has no business performing any such operation in our sovereign nation," party co-leader Billy Te Kahika said in a statement.

The party has stirred controversy with an anti-vaccination stance and has also called for an end to coronavirus lockdowns. It has said the case fatality rate of the virus is "not unlike that of seasonal influenza".

Advance NZ is seen getting about 1% of the vote, according to the latest opinion poll, which would mean it will have no impact on the election outcome.

Prime Minister Jacinda Ardern, who also leads the and Labour Party, is seeking a second term in the Oct. 17 polls on the back of her success in eliminating the coronavirus in the country of 5 million with lockdowns and social distancing.

On Tuesday, Deputy Prime Minister Winston Peters ridiculed a question from another coronavirus sceptic at an election campaign event.

Peters, the leader of the New Zealand First party, was answering questions when an unidentified man asked "where is your evidence that there is a virus that causes this disease?".

"Here's someone who gets up and says 'the Earth is flat'," Peters responded. "Sorry sunshine, wrong place."

Peters was a king-maker in the previous election, siding with Ardern to form a coalition government. (Reporting by Praveen Menon in Wellington and Rama Venkat in Bengaluru Editing by Robert Birsel)


© 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
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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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