Photo: Chuck Kennedy / Axios

When asked whether Facebook considers itself a media company, COO Sheryl Sandberg told Axios' Mike Allen, "At our heart we're a tech company... we don't hire journalists."

  • On privacy: "When you share on Facebook, you need to know that nobody is going to steal your data, nobody's going to get your data who shouldn't have it, we're not going to make money in a way you wouldn't feel comfortable with your data." She explained that although they use ads and target ads using the data from people's Facebook pages, they don't sell that data to advertisers.
  • On regulations: When asked if Facebook would still thrive if U.S. regulations matched the now stricter regulations in Europe in regards to privacy, Sandberg said, "In all of these issues our job is not to wait for regulation, but to do the right thing on our platform."
  • On vetting content: Even though Sandberg said she personally disagreed with the views expressed in the ad by Marsha Blackburn, which was taken down by Twitter, she said Facebook would have run it. "When you cut off speech for one person, you cut off speech for other people."

Go deeper

Fund managers start to board the stock bandwagon

Illustration: Aïda Amer/Axios

Asset managers at major U.S. investment firms are starting to get bullish with their clients, encouraging stock buying and trying not to get left behind right as the metrics on tech stocks rise back to highs not seen since the dot-com crash of 2000.

What's happening: Appetite for stocks is starting to return, but slowly as institutional money managers were overwhelmingly sitting on the sidelines in cash during April and May.

2 hours ago - World

China bans Cruz and Rubio over Xinjiang criticism

Photos: Graeme Jennings/Pool/Getty Images; Al Drago/Pool/Getty Images

China said Monday that it will ban entry to Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas) over their criticisms of human rights abuses in Xinjiang, the AP reports.

The big picture: The move seems to be retaliatory after the U.S. announced sanctions on four Chinese officials for human rights abuses against Uighur Muslims and other ethnic minorities in the region last week.

Roger Stone says he plans to campaign for Trump

Roger Stone appears yesterday outside his home in Fort Lauderdale. Photo: Johnny Louis/Getty Images

Roger Stone told Axios in a phone interview that he plans to write and speak for President Trump's re-election now that Stone "won't die in a squalid hellhole of corona-19 virus."

"I'm asthmatic," said Stone, 67. "Sending me to a prison where I could not be socially distanced ... would, I think, be a death sentence."