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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

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U.S. senators urge Facebook, Twitter for tighter checks before Georgia runoff election

11/24/2020 | 12:46pm EST

Nov 24 (Reuters) - U.S. Senator Richard Blumenthal on Tuesday called on the heads of Facebook and Twitter for information on steps the social media firms are taking to prevent the spread of misinformation ahead of the runoff U.S. Senate elections in Georgia.

The platforms "must expect an onslaught of the malign tactics of voter suppression and delegitimization seen in the Presidential election" said a group of five senators led by Blumenthal in separate letters to chief executives Mark Zuckerberg and Jack Dorsey.

Social media firms have been under scrutiny over how they police rapidly spreading false information and election-related abuses of their platforms.

Georgia's two competitive contests in January will determine which party gets majority control of the Senate. Democrats, who netted only one Republican Senate seat nationwide in the Nov. 3 election, need to win both to give them 50 of the chamber's 100 seats, with Vice President-elect Kamala Harris wielding the tie-breaking vote.

The letters, signed by four Democratic Senators and Bernie Sanders, sought information about the content moderation practices, civic integrity policies and improvements that the companies will have in place for the Georgia runoff election. (https://bit.ly/3pY95L6)(https://bit.ly/3nV8AQa)

Separately, U.S. Senator Bob Menendez also sent a letter to YouTube, urging the video platform to remove content that spread misinformation on election results, sow public discord and fuel civil unrest.

In the letter, which contained five questions, Menendez asked "How much in ad revenue did YouTube receive from videos showing election result misinformation?"

Menendez also asked YouTube, the video service of Google parent Alphabet Inc, to provide information on the steps it would take to tackle misinformation on its platform related to the Georgia runoff elections. (Reporting by Ayanti Bera in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.09% 1894.28 Delayed Quote.8.04%
FACEBOOK INC 1.28% 278.01 Delayed Quote.1.78%
SQUARE, INC. -2.80% 216.64 Delayed Quote.-0.46%
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Financials (USD)
Sales 2020 83 802 M - -
Net income 2020 27 267 M - -
Net cash 2020 60 362 M - -
P/E ratio 2020 29,4x
Yield 2020 -
Capitalization 792 B 792 B -
EV / Sales 2020 8,73x
EV / Sales 2021 6,85x
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
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 322,30 $
Last Close Price 278,01 $
Spread / Highest target 34,9%
Spread / Average Target 15,9%
Spread / Lowest Target -29,9%
EPS Revisions
Managers and Directors
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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