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Facebook slumps 6% after saying it will ban new political adds in the week before the presidential election (FB)

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Shares of Facebook fell as much as 6% on Thursday after the company announced that it will ban new political ads in …

Summary List Placement Shares of Facebook fell as much as 6% on Thursday after the company announced that it will ban new political ads in the week before the November 3 presidential election. The move is part of a broader set of measures that the technology giant is taking to avoid election interference and encourage voting, Business Insider’s Shona Ghosh reported. The company faced criticism for its handling of the 2016 presidential election, when Russia used the platform to spread disinformation.

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