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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook, Inc.    FB

FACEBOOK, INC.

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Facebook : U.S.-based Muslim advocacy group sues Facebook over claims it removes hate speech

04/08/2021 | 01:01pm EDT
FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration

NEW YORK (Reuters) - Civil rights group Muslim Advocates sued Facebook Inc and its top executives on Thursday, alleging they misled the U.S. Congress and others by falsely claiming the company removes content that violates its policies.

The lawsuit claims that Facebook routinely failed to remove content that violated its rules, including anti-Muslim groups and pages flagged by rights organizations and experts. The filing said this included pages and groups with names that compared Muslims to "filth" and contained calls to "unite against," "purge" or "wipe out" Islam.

Social media platforms have long been under scrutiny for how they handle hate speech, violent content and other abuses on their platforms.

In July 2020, Facebook published a civil rights audit commissioned by the company which said it should invest more resources to study and address organized hate against Muslims and other targeted groups on the platform.

"We do not allow hate speech on Facebook and regularly work with experts, non-profits, and stakeholders to help make sure Facebook is a safe place for everyone, recognizing anti-Muslim rhetoric can take different forms," a Facebook spokesman said in a statement. "We have invested in AI technologies to take down hate speech, and we proactively detect 97 percent of what we remove."

The lawsuit, which was filed in District of Columbia Superior Court in Washington, alleges that Facebook, Chief Executive Mark Zuckerberg, Chief Operating Officer Sheryl Sandberg and other executives violated the district's consumer protection law through their statements about removing rule-breaking content.

Zuckerberg, who has appeared before Congress seven times since 2018, has told lawmakers the company takes down that violates Facebook's policies, including posts that call for violence or could risk imminent physical harm.

However, the company has been criticized by civil rights groups who say it does not consistently enforce these rules.

The lawsuit asks that the judge declare Facebook executives' statements violated the D.C. Consumer Protection Procedures Act, and seeks damages for Muslim Advocates.

Muslim Advocates is a nonprofit based in Washington.

(Reporting by Elizabeth Culliford; editing by Jonathan Oatis)

By Elizabeth Culliford


© Reuters 2021
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Financials (USD)
Sales 2021 108 B - -
Net income 2021 32 612 M - -
Net cash 2021 78 337 M - -
P/E ratio 2021 27,3x
Yield 2021 -
Capitalization 875 B 875 B -
EV / Sales 2021 7,39x
EV / Sales 2022 5,98x
Nbr of Employees 58 604
Free-Float 83,9%
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Mean consensus BUY
Number of Analysts 52
Average target price 337,37 $
Last Close Price 307,82 $
Spread / Highest target 25,1%
Spread / Average Target 9,60%
Spread / Lowest Target -28,5%
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Managers and Directors
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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