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The parents of a victim beaten to death by mob sparked after rumours on Facebook and WhatsApp in India about child abductors. Photo credit should read Biju Boro/AFP/Getty Images

Facebook told the New York Times on Wednesday that it will soon begin extracting misinformation circulating on the social media platform that is inciting existing tensions into physical violence globally.

The details: Facebook has been under scrutiny for being used to propagate false information and hateful rhetoric which can lead to deadly violence in countries like India, Sri Lanka and Myanmar. The company has already been working with local civil groups to identify false information for removal. However, other social platforms Facebook owns such as Instagram and WhatsApp, won't adopt the policy, even though they are also being used to circulate false news, the Times notes.

Go deeper

42 mins ago - Technology

Exclusive: Facebook's blackout didn't dent political ad reach

Photo: Valera Golovniov/SOPA Images/LightRocket via Getty Images

Americans saw more political ads on Facebook in the week before the 2020 election than they did the prior week despite the company's blackout on new political ads during that period, according to Global Witness, a human rights group that espouses tech regulation.

Why it matters: The presidential election was a key stress test for Facebook and other leading online platforms looking to prove that they can curb misinformation. Critics contend measures like the ad blackout barely made a dent.

Wall Street wonders how bad it has to get

Illustration: Aïda Amer/Axios

Wall Street is working out how bad the economy will have to get for Congress to feel motivated to move on economic support.

Why it matters: A pre-Thanksgiving data dump showed more evidence of a floundering economic recovery. But the slow drip of crumbling economic data may not be enough to push Washington past a gridlock to halt the economic backslide.

3 hours ago - Health

Moderna to file for FDA emergency use authorization for COVID-19 vaccine

Photo illustration by STR/NurPhoto via Getty Images

Moderna announced that it plans to file with the FDA Monday for an emergency use authorization for its coronavirus vaccine, which the company said has an efficacy rate of 94.1%.

Why it matters: Moderna will become the second company to file for a vaccine EUA after Pfizer did the same earlier this month, potentially paving the way for the U.S. to have two COVID-19 vaccines in distribution by the end of the year. The company said its vaccine has a 100% efficacy rate against severe COVID cases.