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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB


Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/20 03:28:00 pm
269.49 USD   +3.21%
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Facebook : From hate speech to nudity, Facebook's oversight board picks its first cases

12/01/2020 | 11:54am EST
FILE PHOTO: Facebook logos

(Reuters) - Facebook Inc's independent Oversight Board announced on Tuesday the first six cases where it could overrule the social media company's decisions to remove certain pieces of content from its platforms.

The board, which Facebook created in response to criticism of its handling of problematic content, said it had received 20,000 cases since it opened its doors in October.

The six chosen cases are:

A screenshot of tweets by former Malaysian Prime Minister Mahathir Mohamad which said Muslims had a right to perpetrate violence against French people "for the massacres of the past."

A post with a photo of a deceased child that included commentary on China's treatment of Uighur Muslims.

A post that purported to show historical photos of churches in Baku, Azerbaijan, with a caption that Facebook said indicated "disdain" for Azerbaijani people and support for Armenia.

Instagram photos showing female nipples that the user in Brazil said aimed to raise awareness of breast cancer symptoms.

An alleged quote from Nazi propaganda minister Joseph Goebbels.

The one chosen case that was submitted by Facebook, rather than a user, was a post in a group claiming certain drugs could cure COVID-19, which criticized the French government's response to the pandemic.

The board has opened a week-long public comment period on these first cases. The cases will be reviewed by panels of five board members.

Three of the six cases involved content that Facebook removed for breaking hate-speech rules. An Oversight Board spokesman said hate-speech cases had been "the most significant proportion" of appeals received.

"Hate speech is an especially difficult area," Jamal Greene, one of the board's co-chairs and a professor at Columbia Law School, told Reuters in an interview. "It's not that easy ... for an algorithm to get the context of" such speech.

In November, Facebook for the first time disclosed numbers on the prevalence of hate speech on the platform, saying that out of every 10,000 content views in the third quarter, 10 to 11 included hate speech.

Greene said the cases, which also involved content removed over rules on adult nudity, dangerous individuals and organizations, and violence and incitement, raised "important line-drawing questions." (Link https://www.oversightboard.com/news/719406882003532-announcing-the-oversight-board-s-first-cases-and-appointment-of-trustees to full list of cases)

Facebook can also ask the board for nonbinding policy recommendations, but Greene said it had not yet done so.

The board, which has been criticized for its limited remit, also aims to expand its scope to hear cases from users in early 2021 about content that has been left on the site, as well as posts taken down.

This week, a group of Facebook critics dubbed "The Real Facebook Oversight Board" said it would hear three cases not yet eligible for users to take to the official oversight board, including a dispute about the Facebook account of Steve Bannon, President Donald Trump's former adviser.

Asked about this group, a spokeswoman for Facebook's Oversight Board said: "Lots of people have opinions about Facebook. The Oversight Board is focused on making binding decisions and issuing policy recommendations that will hold Facebook to account."

(Reporting by Elizabeth Culliford in Birmingham, England; Editing by Edmund Blair and Matthew Lewis)

By Elizabeth Culliford

© Reuters 2020
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EURO / BRAZILIAN REAL (EUR/BRL) -1.18% 6.4274 Delayed Quote.0.82%
FACEBOOK INC 3.11% 269.0399 Delayed Quote.-4.42%
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Financials (USD)
Sales 2020 83 625 M - -
Net income 2020 27 031 M - -
Net cash 2020 61 302 M - -
P/E ratio 2020 27,9x
Yield 2020 -
Capitalization 744 B 744 B -
EV / Sales 2020 8,16x
EV / Sales 2021 6,40x
Nbr of Employees 56 653
Free-Float 83,8%
Duration : Period :
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Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 49
Average target price 320,84 $
Last Close Price 261,10 $
Spread / Highest target 43,6%
Spread / Average Target 22,9%
Spread / Lowest Target -25,3%
EPS Revisions
Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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