Facebook Denies Allegations of Running Political Ads for Money!

People have been continuously asking about the purpose of Facebook running political ads without fact checking them. To answer these questions, the company’s Chief Operating Officer Cheryl Sandberg, at Vanity Fair’s New Establishment Summit this Tuesday, assured everyone that it isn’t for the money as these ads just make a small part of Facebook’s revenue.

According to her, political ads are a crucial part of disclosure. She added that people who aren’t covered by the media get the most benefit by running ads on Facebook.

Facebook has been in hot water lately due to its practices. Apart from the privacy issues, various Politicians have complained about the social media giant having power to significantly mould social as well as political disclosure.

Sandberg stressed on the fact that Facebook perceives itself as an enclosure to support an individual user’s point of view. She claimed that 26% of the news that a user comes across on Facebook will be from a different point of view on average.

Facebook CEO Mark Zuckerberg spoke at Georgetown University to express his perception of free speech following a policy that enables politicians to lie in ads. He was also heavily questioned on Capitol Hill on Wednesday where he went to defend the Libra project, Facebook’s controversial cryptocurrency.

As for Sandberg, she has been with Facebook since 2008 and has had a crucial role in the company’s humongous success. She has also used the platform to support women’s issues. However, the chain of Facebook scandals in wake of the 2016 US presidential election and the role of Russians in them caused many people to criticize her leadership.

It is said that Sandberg was also blamed by Zuckerberg for the public backlash after the revelation of the Cambridge Analytica scandal. In case you are unaware of it, Cambridge Analytica had access to over 87 million Facebook users’ data without their knowledge.

Over the years, Facebook’s critics have increased significantly. Civil rights activists and Democrats have complained about the company having a negative effect on the democracy as it is allowing politicians to lie in the ads. Moreover, their upcoming Libra cryptocurrency is also being closely examined by the lawmakers and regulators.

Photo by Matt Winkelmeyer/Getty Images

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