Facebook considering banning election ads

New York Post
July 11, 2020

Mark Matheny's Note: I'm sure the censorship will be aimed at conservative and Trump supporting ads only... 

This computer screen capture shows a removed Trump campaign ad that appeared in feeds on Facebook on June 18, 2020.FACEBOOK/AFP via Getty Images

Facebook reportedly is considering a ban on political ads in the days before the November election.

The potential ban would aim to limit “misleading” content ahead of the vote, according to Bloomberg News.

The social media giant did not immediately respond to a request for comment from The Post.

Facebook and Google are the internet’s largest ad platforms. Together they earn about 60 percent of ad revenue.

The news comes as Facebook resists an activist campaign to “reform” its moderation practices to censor allegedly racially offensive posts. The campaign led many companies to drop ads.

Twitter last year said it would ban paid political ads after platforms came under criticism for distributing Russian ads in 2016. The Trump campaign said it was prepared to spend $10 million or more on Twitter ads before that decision.

Cashless Society: ‘Facebook Nation’ unveils its new currency

Patrick Henningsen
21st Century Wire
January 31, 2011
The 21st century has certainly witnessed a progression towards a ‘cashless society’, but social networking giant Facebook are taking things a step further, throwing their hat into the ring with the introduction of a new compulsory monetary policy that will initially govern its share of the multi-billion dollar online games industry.


Imagine a virtual world where all goods and services are to be offered, bought and paid for by a new virtual-local form of electron currency. Facebook will be piloting such a scheme for their multimillion dollar online games market. As of July 2011, every social game developer on Facebook will have to offer the social network’s “virtual currency credits”.
According to a recent news release from Marketing Week, “Over the next five months developers will have to implement credits as a payment method within their games”. The games industry already accounts for 70% of the virtual goods transactions on the site.
According to Facebook, the social networking corporation are not insisting that their new online currency will be the only payment method available to users, and in exchange for their cooperation game developers will offered incentives if they use Facebook dollars exclusively. Compensation for compliance will apparently include early access to product features and premium promotion on their site, including promotion on the games dashboard and of course, premium ‘smart’ ad targeting.
What appears on the surface to be a simple online marketing tool to help consolidate a niche market share on the world’s largest social network, has in fact much more far and reaching consequences for hundreds of millions of users.  What Facebook have effectively achieved here is nothing short of a huge “game changer” in terms of envisioning a world without cash.

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