Stock Groups

Facebook’s oversight board calls for more transparency -Breaking

© Reuters. FILE PHOTO – Small toys are shown in front of the Facebook logo. This illustration was taken on October 4, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters). Facebook Inc (NASDAQ:). On Thursday, an independent oversight board demanded greater transparency from social media giant Facebook. It claimed that the company wasn’t “fully forthcoming” about how it handles certain highly-profile accounts.

Following a Wall Street Journal report that claimed millions of Facebook accounts were owned by celebrities, politicians, and other prominent users, the board made its comments.

Facebook failed to be transparent about its ‘cross-check’ system. This internal program, which the social media site claims doubles the enforcement of certain users’ rights against them, was criticized by the board.

Facebook wasn’t immediately accessible for comment.

The board stated in a tweet that Facebook must be more transparent and treat its users fairly.

Facebook has requested the board in a policy advisory opinions to examine its cross-check system. The board also asked for suggestions about how the system could be improved.

In order to assess the effectiveness of its recommendations, the board will release quarterly and annual transparency reporting.

In addition, more than half of a million appeals were submitted by Instagram and Facebook users between October 2020 and June 2021. A majority of them related to hate speech content.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.