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Sheryl Sandberg. Photo by Marla Aufmuth/Getty Images for Texas Conference for Women)

A handful of advertisers have paused their campaigns on Facebook, COO Sheryl Sandberg told Bloomberg in an interview Thursday.

Why it matters: Sandberg is confirming that chaos around user privacy is having an impact on Facebook's roughly $40 billion business, which is driven mostly by advertising. The impact, however, is probably very small. CEO Mark Zuckerberg told reporters Wednesday that the controversies have had no meaningful impact on the company's bottom line.

What she said: “We’ve seen a few advertisers pause with us and they’re asking the same questions that other people are asking,” said Sandberg. “They want to make sure they can use data and use it safely.”

  • According to Bloomberg, Sandberg said she's having “reassuring conversations with advertisers” about user privacy on its platform.

The big picture: Controversies around terrorism, pedophilia, violence, hate speech, suicide and election meddling over the past year have led many advertisers to reconsider whether it's "brand safe" to buy advertising on open platforms like Facebook, Google and Twitter.

  • While some big name marketers, like Procter & Gamble and Unilever have vowed to pull ad budgets from such companies, most of those tech giants have faired just fine in earnings and have continued to make more and more ad dollars.

The announcement comes the same day Facebook was granted accreditation by the industry's de-facto watchdog, the Media Rating Council, for some of its ad metrics.

Go deeper

Updated 4 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."

5 hours ago - Health

U.S. to restrict air travel from 8 countries over new COVID variant concerns

A COVID-19 vaccine is administered. Photo by Joe Raedle/Getty Images

The U.S. will impose new air travel restrictions in response to the Omicron variant, a new COVID strain first detected in South Africa, President Biden announced Friday.

The big picture: Air travel from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi will be restricted starting on Monday.