Trump Goes After The 'Russia Hoax' About Kremlin Facebook Ad Buys

Trump Goes After The 'Russia Hoax' About Kremlin Facebook Ad Buys

The ads appear to come from accounts associated with the Russian-linked agency.

Russian Federation has denied interfering in the USA election by posting political ads on Facebook.

Yesterday, we reported that Facebook has agreed to provide Congress with details on over 3,000 USA political ads which were bought by Russian entities.

Last year, Facebook's board of directors approved a plan in which the company would issue two shares of Class C stock for every share of Class A and Class B. That would have meant Zuckerberg would eventually own 935.8 million Class C shares that he could sell to fund his philanthropic efforts without giving up his valuable Class B stock. "We also briefed Congress - and this morning, I directed our team to provide the ads we've found to Congress as well".

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Facebook general counsel Colin Stretch stated in a blog post, "We believe it is vitally important that government authorities have the information they need to deliver to the public a full assessment of what happened in the 2016 election".

Facebook CEO Mark Zuckerberg made the announcement in a live broadcast Thursday and reiterated Facebook's cooperation with investigations by the U.S. Justice Department and congressional committees. "And of course these fake ad buys were not material in the context of Facebook's total advertising revenues, which amounted to almost $27 billion past year". "We don't check what people say before they say it, and frankly, I don't think our society should want us to", Zuckerberg said.

The legislation would require digital platforms with 1 million or more users to maintain the file of electioneering communications purchased by a group or person spending more than $10,000 on online political ads. Aside from the 2016 USA election, it'll work to make sure operatives have not compromised the September 24 German election, as well, he added. While actively working with the US authorities, Facebook also plans on continuing its own investigation further by looking for foreign actors, Soviet Groups and review how they used Facebook tools to manipulate the 2016 elections in favor of the current President Donald Trump.

"That's not what we stand for", Zuckerberg said on Thursday.

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"I'm not going to sit here and tell you we're going to catch all bad content in our system".

"We won't catch everyone immediately, but we can make it harder to try to interfere". The company will add 250 employees to strengthen election-integrity initiatives, expanding its partnerships with election commissions worldwide and sharing information about existing threats to elections.

Facebook previously angered congressional officials by showing only a sample of the ads, some of which attacked Mrs Hillary Clinton or praised Mr Donald Trump. In a course reversal, it will now turn over copies of those ads to Congress as well after initially declining to do so, citing privacy concerns as the reason for not handing them over. "So we're going to bring Facebook to an even higher standard of transparency", said Zuckerberg.

"We are in a new world", he added.

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