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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

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YouTube bans One America News Network from posting new videos for a week

11/24/2020 | 04:58pm EST

Nov 24 (Reuters) - YouTube said on Tuesday it had barred the right-wing outlet One America News Network from posting new videos for a week after it broke the site's rules against content that claims there is a guaranteed cure for COVID-19.

A spokeswoman for YouTube, the video-sharing platform owned by Alphabet's Inc's Google, said OAN had also been suspended from monetizing its videos due to repeated violations of the COVID-19 misinformation policy and other rules. OAN will have to reapply to be allowed to monetize again.

President Donald Trump has promoted OAN, calling it a "great alternative" to Fox News in a tweet this month. The outlet has amplified Trump's unsupported claims of voter fraud in the U.S. presidential election.

YouTube said it has a "three-strikes policy" before an account is removed and this constituted OAN's first strike. OAN did not immediately respond to a Reuters request for comment.

The YouTube spokeswoman said an OAN video, now removed, had violated its coronavirus misinformation rules by claiming that hydroxychloroquine, an anti-malarial drug touted by Trump despite a lack of scientific evidence, was a cure for COVID-19.

YouTube and other major online platforms are under scrutiny from lawmakers and researchers to curb misinformation on their sites. Following the November election, Reuters identified several YouTube channels making money from ads and memberships that were amplifying debunked accusations about voting fraud.

At a congressional hearing last week with the CEOs of Facebook Inc and Twitter Inc, Democratic Senator Richard Blumenthal criticized Google, YouTube's owner, saying it had been given a "pass" and was being rewarded for its "timidity" in content moderation.

Four Democratic senators also sent a letter on Tuesday to YouTube's Chief Executive Officer Susan Wojcicki urging the video platform to remove content that they said spread misinformation on election results and pressing for information on measures taken ahead of the runoff U.S. Senate elections in Georgia. (Reporting by Elizabeth Culliford; Editing by Tom Brown)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.06% 1872.555 Delayed Quote.7.98%
FACEBOOK INC 1.06% 277.42 Delayed Quote.0.49%
FOX CORPORATION 3.56% 31.235 Delayed Quote.3.57%
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Financials (USD)
Sales 2020 83 785 M - -
Net income 2020 27 084 M - -
Net cash 2020 60 362 M - -
P/E ratio 2020 29,2x
Yield 2020 -
Capitalization 782 B 782 B -
EV / Sales 2020 8,61x
EV / Sales 2021 6,76x
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 321,73 $
Last Close Price 274,50 $
Spread / Highest target 36,6%
Spread / Average Target 17,2%
Spread / Lowest Target -29,0%
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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