Facebook Extends Suspension of Political Ads For Another Month

Facebook Inc. said it expects to limit political advertising on its social network in the U.S. for another month, citing continued concerns about messaging related to the presidential election. “The temporary pause for ads about politics and social issues in the U.S. continues to be in place as part of our ongoing efforts to protect the election,” the company said in a blog post Wednesday. The move will shorten the advertising window for a key set of runoff elections in Georgia that will determine which party holds the majority in the U.S. Senate. Facebook has been working to reduce misinformation following the Nov. 3 election, as President Donald Trump and some allies continue to make baseless claims of voter fraud and dispute the outcome. The campaign of President-elect Joe Biden has criticized Facebook for allowing such messages to spread, with the potential to spark violence. Facebook’s time frame was reported earlier by CNBC. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake