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George Soros and Mark Zuckerberg. Photos: Sean Gallup/Drew Angerer/Getty Images

Democratic megadonor George Soros ripped into Mark Zuckerberg and Facebook's decision to not fact check 2020 political ads in a Friday morning New York Times op-ed.

"I believe that Mr. Trump and Facebook's chief executive, Mark Zuckerberg, realize their interests are aligned — the president's in winning elections, Mr. Zuckerberg's in making money ... Facebook's decision not to require fact-checking for political candidates' advertising in 2020 has flung open the door for false, manipulated, extreme and incendiary statements."
— George Soros

What he's saying: Soros suggested that Zuckerberg and COO Sheryl Sandberg "follow only one guiding principle: maximize profits irrespective of the consequences."

  • "I expressed my fear that with Facebook’s help, Mr. Trump will win the 2020 election. The recent hiring of a right-wing figure to help manage its news tab has reinforced those fears."

The bottom line: "The responsible approach is self-evident. Facebook is a publisher not just a neutral moderator or 'platform.' It should be held accountable for the content that appears on its site," Soros wrote.

  • "One way or another, [Zuckerberg and Sandberg] should not be left in control of Facebook."

The big picture: Soros is one of many voices calling for Facebook to either be broken up or for Zuckerberg to step down as chief executive.

Go deeper: Rivals distance themselves from Facebook on political ads

Go deeper

35 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.

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