Mar 19, 2018

Facebook loses over $36 billion in market value

Photo by Ted Soqui/Corbis via Getty Images

Facebook stock fell 6.77% on Monday, following weekend revelations that 50 million users had their data improperly accessed by a Trump-linked analytics firm. For a brief period around noon, the loss had exceeded 8%.

Bottom line: The loss cut into Facebook's market cap by more than $36 billion.

Data: Money.net; Chart: Axios Visuals

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Exclusive: Facebook adding part-time fact-checking contractors

Photo: Thomas Trutschel/Photothek via Getty Images

Facebook is creating a new pilot program in the U.S. that will leverage part-time contracted "community reviewers" to expedite its fact-checking process.

The big picture: The community reviewers will help to corroborate or debunk stories that Facebook's machine learning tools flag as potential misinformation. This will make it easier for Facebook's fact-checking partners to quickly debunk false claims.

Go deeperArrowDec 17, 2019

Facebook won't stop letting politicians lie in ads

Photo: Chip Somodevilla/Getty Images

Anyone who was waiting for Facebook to change its controversial political ad policies — particularly the one that allows politicians to lie with impunity — will have to keep waiting, the company made clear Thursday.

Driving the news: Facebook released a raft of small changes to its rules around political ads, including giving consumers the option to block political ads from their feeds.

Go deeperArrowJan 9, 2020

Facebook will make political ads optional for users

Photo: Thomas Trutschel/Photothek via Getty Images

Facebook said Thursday it will give consumers the option to stop seeing political ads in their feeds moving forward.

Why it matters: Facebook has been heavily criticized for its policies around political ads, especially for its decision not to fact-check political ads.

Go deeperArrowJan 9, 2020