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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook : to Ban Ads Discouraging Vaccines

10/13/2020 | 02:29pm EST

By Sarah E. Needleman

Facebook Inc. said it would ban ads that discourage immunization, part of a broader effort to combat misinformation about health vaccinations in the coronavirus pandemic.

The tech giant has previously faced criticism from health professionals and users that it failed to curb the spread of false claims about the safety and importance of vaccines on its platforms.

Last year, Facebook pledged to ban ads that include misinformation about vaccines and tweak its algorithms so pages that spread such content would no longer be recommended.

But the company later acknowledged it had failed to remove paid ads from a prominent antivaccination group that suggested unethical doctors conspired to hide evidence of alleged harm to children from vaccines.

Facebook's new initiative includes cracking down on ads that explicitly discourage people from getting a vaccine, the company said in a blog post.

Facebook said it would begin preventing such ads from appearing on its flagship platform over the next few days. It will also launch an information campaign on the flu vaccine, with a tool for finding the nearest location in the U.S. to get it, as well as work with global health groups such as the World Health Organization on efforts to increase immunization rates.

This article will be updated

Write to Sarah E. Needleman at sarah.needleman@wsj.com

(END) Dow Jones Newswires

10-13-20 1429ET

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Financials (USD)
Sales 2020 83 478 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 30,3x
Yield 2020 -
Capitalization 797 B 797 B -
EV / Sales 2020 8,78x
EV / Sales 2021 6,87x
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 51
Average target price 316,19 $
Last Close Price 279,70 $
Spread / Highest target 34,1%
Spread / Average Target 13,0%
Spread / Lowest Target -57,1%
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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