Please ensure Javascript is enabled for purposes of website accessibility

Facebook Will Suspend Political Ads, Eventually

By Keith Noonan – Sep 3, 2020 at 3:27PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The social media giant is implementing new policies to gear up for election season. Will they be enough?

Facebook (META -2.36%) CEO Mark Zuckerberg outlined actions the company is taking in response to the upcoming U.S. elections and content related to COVID-19 in a post published Thursday. The social media company has faced calls to ban political ads and implement stricter moderation on its platforms, and it appears to be responding with some significant shifts in the lead up to the presidential and congressional elections set to take place on Nov. 3.

Perhaps most notably, Facebook will stop accepting new political advertising in the week leading up to election day. In addition to a late-cycle ban on new political ads, the company will remove posts suggesting that people will get COVID-19 if they vote in person. It will also attach content warnings on posts that appear to de-legitimize voting methods and results, and attach content labels to candidate declarations of victory that will direct users to verification sources from Reuters and the National Election Pool.  

A smartphone and a laptop on an American flag.

Image source: Getty Images.

Now what

Investors and political analysts are divided about what role Facebook should play in the world of regulating content and advertising on its platforms. Pressure on the company has only increased after Twitter announced last October that it would suspend all political advertising on its platform.

Zuckerberg and Facebook have been under the microscope amid suggestions that the company isn't doing enough to combat controversial ideas and the spread of misinformation on its platforms. The recent moves signal that Facebook is trying to address some of these concerns, but many critics will find the social media giant's measures to be insufficient, and the company will likely face substantial scrutiny in what's gearing up to be a historically controversial election season.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Facebook and Twitter. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Meta Platforms, Inc. Stock Quote
Meta Platforms, Inc.
$108.78 (-2.36%) $-2.63
Twitter Stock Quote

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 11/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.