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Pinterest and Facebook are taking action against misinformation

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Political ads and misinformation will be limited from the platforms during the elections week

As the US presidential elections approach, social media outlets are starting to take action against future political #ads expected to pop-up.

Facebook announced that it took several steps made to address the concerns regarding future #election interference on the platform. According to its CEO, Mark Zuckerberg, the company won't post new political ads during the presidential campaign's final week.  

Facebook will remove the posts that state that people will get a #COVID-19 infection if they vote, and it will label any fabricated post regarding the election and voting. Labels will be added to candidates’ posts if they claim victory before the official results. However, it will continue to run ads purchased before the decisive week, even though they might contain misinformation. 

But Facebook is not the only company to do so. Pinterest stated that it wouldn't show any election-related ads or content that includes keywords such as the candidates' name, "vote,” and “polling place.” Unlike Facebook, the photo-sharing website is only strengthening its two-year-old policy of banning political ads.   

Pinterest will redirect users to vote.org, a third-party website where they register to vote and access information about the votes' status, ballots, and many more. Also, if its employees want to vote or be poll workers, they will receive the money equivalent of a full working day.

In Pinterest’s case, the market reacted negatively to the news, closing yesterday’s trading session lower by 7.42%, and during today’s pre-market session, it lost more than 3%. Facebook also had the same reaction from the market. Yesterday it lost 3.76%, while during today’s session, its stock slipped over 2%. 

Read about the actions Facebook took against the Russian Interference here!

Sources: thestreet.com, edition.cnn.com, finance.yahoo.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.