Facebook Stays Neutral
U.S. Presidential elections are underway. Meanwhile, Mark Zuckerberg CEO of social media giant Facebook has announced on Thursday that it will ban political ads from running in the week before the November 3rd presidential election.
To be clear, the ban is not as serious as the headlines may seem. Ads submitted in the week before the election will be banned. Any ads submitted before the October 27 deadline will be allowed to run on the platform.
In a world of social media CEOs, Zuckerberg has been the most free-spirited. Unlike Twitter and Pinterest which already banned political ads on their services, Zuckerberg has been adamant about allowing political ads on Facebook and Instagram even if parties use the ads to lie and/or spread misinformation.
The tech giant’s CEO has kept free speech a priority despite all the backlash. “Political ads can be an important part of the voice, especially for local candidates, up and coming challengers and advocacy groups that the media might not otherwise cover,” Zuckerberg said.
Mark also posted this on his Facebook: “I believe our democracy is strong enough to withstand this challenge and deliver a free and fair election – even if it takes time for every vote to be counted.” Is the multi-billion-dollar man getting it right here?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.