Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Facebook to say who pays for UK political adverts

Published 10/15/2018, 08:21 PM
Updated 10/15/2018, 08:21 PM
© Reuters. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration

(Reuters) - Facebook (NASDAQ:FB) said on Tuesday that it would require British political adverts posted on its pages to carry disclaimers and identity flags, in an attempt to crack down on the spread of misinformation.

Britain's parliament has called for tech firms such as Facebook to be made liable for disseminating misleading political information and targeting citizens using data manipulation, in the wake of seismic political shifts such as Britain's vote to leave the European Union in 2016.

Facebook was heavily criticized in the United States for a lax approach to fake news reports and disinformation, which many believe affected voting in the 2016 presidential election, won by Donald Trump.

Advertisers who mention political figures, material or parties will be obliged to provide evidence of their identity and location and state on Facebook who is paying for the advertisement, the firm said.

"We see this as an important part of ensuring electoral integrity and helping people understand who they are engaging with," it said in a statement, adding that the move was a "significant change" for those who place adverts on the site.

The information on the advert will be stored by Facebook for up to seven years.

"By having people verify who they are, we believe it will help prevent abuse," Facebook added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.