Facebook boasts some seven million advertisers, causing some experts to predict the social network will bounce back despite an initial $50B in losses.
Facebook CEO Mark Zuckerberg had previously refused to take action against President Donald Trump's posts suggesting that mail-in ballots will lead to voter fraud, saying that people deserved to hear unfiltered statements from political leaders.
Brandon Dail, a user interface engineer in Seattle, wrote on Twitter that he was fired for publicly scolding a colleague who had refused to include a statement of support for the Black Lives Matter movement on developer documents he was publishing.
Zuckerberg did not promise specific policy changes in a Facebook post, days after staff members walked off the job, some claiming he kept finding new excuses not to challenge Trump.
Trump’s account will remain active on Snapchat and visible to anyone who searches for or follows it.
Several employees have resigned over Facebook's silence on posts made by US President Donald Trump. Facebook has however taken down accounts of white nationalists and fake Antifa.
Some Facebook employees put out word of a "virtual walkout" to take place Monday to protest, according to tweeted messages.
Zuckerberg said Facebook has a robust fact-checking program to curb the viral spread of hoaxes.
Feeling the pinch of rising Chinese tech, the Silicon Valley giants become political to stay in the game.
Some have dubbed the independent panel as Facebook's "Supreme Court." The panel will be making decisions on content issues including hate speech and harassment and people's safety.
Facebook, Google and Twitter are introducing stricter rules, altered algorithms and thousands of fact checks to stop the spread of bad misinformation online about the virus.
The social network said late on Monday that it's beefing up its policies for removing videos edited or synthesised in ways that aren't apparent to the average person.
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