Oct 12, 2017

Sandberg: Facebook is not a news company

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

Coronavirus updates: First case in sub-Saharan Africa confirmed

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Nigeria confirmed its first novel coronavirus case in an Italian who flew to Lagos from Milan — the first known case in sub-Saharan Africa. The World Health Organization has been working to prepare Africa's health care systems to be ready for the outbreak, which is now also confirmed in Algeria and Egypt.

The big picture: COVID-19 has killed more than 2,850 people and infected over 83,700 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 1 hour ago - Health

Ad spending on 2020 primary tops $1 billion

Illustration: Aïda Amer/Axios

Spending on the 2020 presidential primary has officially surpassed the $1 billion mark, with more than half of that total coming from billionaire Michael Bloomberg, according to data from Advertising Analytics.

Why it matters: It's the most money that has been spent this early on in an election cycle in U.S. history.

The growing coronavirus recession threat

Illustration: Aïda Amer/Axios

In just a matter of weeks, top economists and investment bank analysts have gone from expecting the coronavirus outbreak to have minimal impact on the U.S. economy to warning that an outright recession may be on the horizon.

What's happening: The spread of confirmed coronavirus cases in Europe, the Middle East and the U.S., and the speed at which they are being discovered has set the table for the outbreak to have a larger and much costlier impact.