[Ed. – On virtually every matter under the sun, the “fact-checkers” used by Facebook and Twitter are biased and frequently incorrect. Their output is systematically tendentious. We can assume almost all platform users will pay no serious attention to the labels: those who agree with the bias of the “fact-checkers” will be gratified; those who don’t accept it will ignore the labels. Assuming Facebook’s operating costs go up, this will at least affect profits.]
Facebook said Friday that it will flag all “newsworthy” posts from politicians that break its rules, including those from President Donald Trump.
Separately, Facebook’s stock dropped more than 8%, erasing roughly $50 billion from its market valuation, after the European company behind brands such as Ben & Jerry’s and Dove announced it would boycott Facebook ads through the end of the year over the amount of hate speech and divisive rhetoric on its platform. Later in the day, Coca-Cola also announced it joined the boycott for at least 30 days.
CEO Mark Zuckerberg had previously refused to take action against Trump posts suggesting that mail-in ballots will lead to voter fraud, saying that people deserved to hear unfiltered statements from political leaders. Twitter, by contrast, slapped a “get the facts” label on them.