Dec 2, 2019

Zuckerberg doubles down in CBS interview on Facebook false ads policy

Priscilla Chan and Mark Zuckerberg attend the Nov. 3 Breakthrough Prize Ceremony at NASA Ames Research Center in Mountain View, Calif. Photo: Taylor Hill/Getty Images

Facebook CEO Mark Zuckerberg remained defiant in a "CBS This Morning" interview airing Monday on the social media giant posting political ads containing false information.

The big picture: Per Axios' Scott Rosenberg, Facebook's policy lets politicians make virtually any claim they want, in ads or posts, including repeating verbatim a false claim that has already been labeled elsewhere as false.

What they're saying: In CBS host Gayle King's interview with Zuckerberg and his wife, pediatrician Priscilla Chan, the Facebook co-founder said, "I don't think that a private company should be censoring politicians or news."

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NBC: Trump had undisclosed dinner with Facebook's Zuckerberg and Thiel

Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee on Capitol Hill Oct. 23. Photo: Chip Somodevilla/Getty Images

President Trump hosted Facebook CEO Mark Zuckerberg and board member Peter Thiel at a White House dinner in October that was not disclosed, the social network giant confirmed to NBC late Wednesday.

Details: NBC notes that it's "unclear why the meeting was not made public or what Trump, Zuckerberg and Thiel discussed."

Go deeperArrowNov 21, 2019

Facebook's plan to keep growing bigger

Illustration: Sarah Grillo/Axios

While content companies are pushing to diversify their businesses with subscriptions and licensing, and big tech companies draw on income from hardware sales and software sales and subscriptions, Facebook is sticking with advertising at scale for the foreseeable future.

Why it matters: Facebook created its massive business by handing out a free social network and monetizing it through ads. As it expands into other businesses like commerce, payments, and hardware, it's mostly sticking with that formula — convinced that "free and ad-supported" remains the best route to achieve massive scale and to deliver on its mission of connecting the world. 

Go deeperArrowDec 3, 2019

Rivals distance themselves from Facebook on political ads

Illustration: Lazaro Gamio / Axios

Google, Facebook, Twitter and Snapchat all made new announcements this week adjusting their political ad policies, placing themselves on a broad spectrum from anything goes to a near-total ban.

Why it matters: Many social media companies are using the ongoing political ad debate to distance themselves from Facebook, which has received the most criticism for its policies. Facebook's rules are the least restrictive amongst the group, because the tech giant believes that the government should regulate political ads, not private companies.

Go deeperArrowNov 21, 2019