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Facebook bans ads that seek to delegitimize election

Yahoo Finance’s Dan Howley joins Kristin Myers to discuss the latest move by Facebook to combat misinformation ahead of the 2020 election.

Video Transcript

KRISTIN MYERS: And with the elections heating up, Facebook is banning ads that make false claims about voting. Yahoo Finance's tech expert, Dan Howley, is here with more. Hey, Dan.

DAN HOWLEY: Hey, Kristin. That's right, Facebook is going to be banning ads that basically try to delegitimize the results of the election. This comes as Facebook is banning ads for a slew of different purposes, including for far right militias, things along those lines. But with Facebook is not doing is banning people from posting misinformation about election results, and you would think that would also kind of be a smart idea. But what they are going to do is add kind of tags to these posts, these organic posts, saying that they are false or that it's misinformation. So it's kind of a way for them to protect themselves as well as protecting the integrity of the election.

Obviously, this is a big deal for Facebook going into the 2020 election after the results of 2016, which were seen as being tainted by in part by Facebook and Russian trolls and meddling along those lines. We're still seeing that pop up this time around with meddling from the Russians, again, as well as China and Iran on social platforms. Facebook talks about how they've been taking down such actions, these kind of inauthentic user actions, so they really do seem to be trying to make some kind of difference here. But again, as I said, they're still going to allow people to post misinformation.