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Noah Berger / AP

Facebook is tightening controls over who can advertise on its platform, Reuters reports. Moving forward, content creators and publishers will have to comply with the standards used to evaluate crowdsourced content if they wish to sell ads

Why it matters: The crackdown is a sign that Facebook takes pressure from governments and companies seriously.

The changes come in response to its recent admission to authorities investigating Russia's influence on the 2016 election that they sold thousands of ads likely linked to Russia, many of which were connected to "inauthentic" accounts and Pages.

Lawmakers and interest groups responded to the revelations, as well as a report that Russian operatives used Facebook's events tool to organize and promote political protests in the U.S., by demanding that Facebook and other tech companies testify before Congress. Bloomberg reports that Special Counsel Robert Mueller's Russia probe has a "red-hot" focus on social media.

Facebook's COO, Sheryl Sandberg addressed other concerns Wednesday, like inaccurate media measurement and unsafe content on its platform. Speaking at a conference in Germany, where lawmakers have been especially aggressive about privacy standards, Sandberg said the company is working to roll out updates to address a range of concerns.

"We hear their concerns about safe environments, about standards, about measurement, and this is critical to us," she said. "We're working hard to roll things out that give you more control over where your ads run, and more knowledge about where your ads run, before, during and after campaign."

Go deeper

UNC race conscious admissions process upheld by judge

Students walk through the campus of the University of North Carolina at Chapel Hill on Aug. 18, 2020 in Chapel Hill, North Carolina. Photo: Melissa Sue Gerrits/Getty Images

The University of North Carolina at Chapel Hill can continue its race conscious admissions process, a federal judge ruled on Monday.

Why it matters: The case could end up in the Supreme Court after the conservative nonprofit Students for Fair Admissions (SFFA) vowed to appeal the judge's ruling that UNC didn't discriminate against against white and Asian American applicants in its policy that it said was designed to increase diversity.

SEC debunks conspiracy theories about meme stock mania

Photo: Alessia Pierdomenico/Bloomberg via Getty Images

The SEC issued its long-awaited report on the meme stock mania, which downplayed the narrative that a "short squeeze" was the primary driver behind GameStop's historic stock moves — and shot down conspiracy theories about the event.

Why it matters: The postmortem was highly anticipated, largely because of what it could hint about what the regulator thinks should be done in wake of the saga. But the report stopped short of specific policy recommendations.

2 hours ago - Politics & Policy

Breaking Biden's diplomatic logjam

Expand chart
Data: Center for Presidential Transition via Congress.gov; Chart: Will Chase/Axios

The logjam for reviewing and confirming President Biden's ambassadorial picks is finally starting to break.

Why it matters: Biden is far behind his predecessors in the rate at which his ambassadorial picks have been confirmed. The Senate Foreign Relations Committee will hold a series of high-profile hearings and votes this week to finally begin chipping away at the backlog.