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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB


Real-time Estimate Quote. Real-time Estimate Cboe BZX - 11/30 03:04:37 pm
276.08 USD   -0.62%
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Facebook : to ban content that denies or distorts the Holocaust

10/12/2020 | 10:54am EST

Oct 12 (Reuters) - Facebook Inc said on Monday it was updating its hate speech policy to ban any content that denies or distorts the Holocaust.

The move comes two years after Facebook Chief Executive Mark Zuckerberg said in a 2018 interview with tech website Recode said that while he found Holocaust denial deeply offensive, he did not think Facebook should delete such content.

"I've struggled with the tension between standing for free expression and the harm caused by minimizing or denying the horror of the Holocaust," said Zuckerberg, who is Jewish, in a Facebook post on Monday.

"My own thinking has evolved as I've seen data showing an increase in anti-Semitic violence, as have our wider policies on hate speech," he said.

The social media company said that, starting later this year, it would also direct people searching for terms associated with the Holocaust or its denial to credible information off Facebook.

The World Jewish Congress and the American Jewish Committee praised the move.

"For several years, the World Jewish Congress has advocated for Facebook to remove Holocaust denial content from its platform," that group said in a statement.

This summer, civil rights groups organized a widespread Facebook advertising boycott to try to pressure social media companies to act against hate speech on their platforms.

"This has been years in the making. Having personally engaged with @Facebook on the issue, I can attest the ban on Holocaust Denial is a big deal," tweeted Jonathan Greenblatt, chief executive of the Anti-Defamation League, one of the boycott's organizers. "Glad it finally happened," he added.

The Conference on Jewish Material Claims Against Germany has also pushed for Facebook to ban Holocaust denial content and has called for Zuckerberg to meet with survivors through its #NoDenyingIt social media campaign.

In August, Facebook banned certain anti-Semitic conspiracy theories and stereotypes.

In its blog post https://bit.ly/36XixY0, the company cited a recent survey that found almost a quarter of adults in the U.S. aged 18-39 said they believed the Holocaust was a myth, that it had been exaggerated or they were not sure.

The company said that enforcement of its new policies would not "happen overnight."

"There is a range of content that can violate these policies, and it will take some time to train our reviewers and systems on enforcement," it said. (Reporting by Elizabeth Culliford in Birmingham, England; Tiyashi Datta in Bengaluru; Editing by Saumyadeb Chakrabarty and Nick Zieminski)

© 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 29,8x
Yield 2020 -
Capitalization 791 B 791 B -
EV / Sales 2020 8,70x
EV / Sales 2021 6,82x
Nbr of Employees 56 653
Free-Float 83,8%
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 51
Average target price 315,73 $
Last Close Price 277,81 $
Spread / Highest target 35,0%
Spread / Average Target 13,7%
Spread / Lowest Target -56,8%
EPS Revisions
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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