Markets

Facebooks Halts Common Ground Over Fears of Political Bias

Reportedly, FacebookFB halted Common Ground, a feature that is feared to be biased against conservatives, per a Wall Street Journal report.

Facebook's global head of policy, Joel Kaplan suspended the project over concerns that the feature would "disproportionately quiet conservative voices on the platform." Kaplan has a key role in determining the type of information being presented to Facebook users.

Notably, Common Ground was introduced to encourage users to have more civil discussions in spite of having different political views. Additionally, the feature de-emphasized hateful comments and included changes to how the News Feed was ranked.

Facebook, which has, for long, faced backlash for its liberal stance is making efforts to bring in neutral content to its users and eliminate any external interference that may affect political outcomes.

Reportedly, President Trump has accused Facebook along with Twitter TWTR and Alphabet's GOOGL Google of suppressing right-wing opinions. Moreover, Twitter CEO Jack Dorsey openly admitted that most of his employees are left-wing biased.

Facebook, Inc. Revenue (TTM)

Facebook, Inc. Revenue (TTM) | Facebook, Inc. Quote

Other Measures to Boost Platform Health

After being heavily criticized for its involvement in the Cambridge Analytica scandal, which affected 87 million users in March 2018, Facebook has taken several measures to curb misuse of its platform.

The social media giant has removed several accounts and pages that spread misinformation and engaged in "coordinated inauthentic behavior," ahead of Bangladesh election.

Facebook also put together a team of specialists to monitor the upcoming Lok Sabha election in India. Moreover, the company is working closely with the Election Commission of India to limit the dissemination of fake news and external interference on the platform.

Prior to this, Facebook had undertaken similar security measures ahead of election in Brazil, the United States and UK.

Additionally, Facebook is improving transparency and security for its ads and pages . It recently announced a pilot program to help secure U.S. candidates and campaign staff from "hackers and foreign adversaries."

Further, the social media giant announced that the company will restrain from physically sending its employees to promote the use of the platform for political campaigns.

Security Lapses Continue

However, Facebook's efforts to fully secure its platforms have not quite delivered yet. The Zacks Rank #3 (Hold) company was recently embroiled in another security breach, where a software bug gave outside developers' access to photos of 6.8 million users.

Additionally, Facebook came under pressure for not closing the respective application program interface (APIs) when it offered instant personalization feature to select partners like Yelp YELP and Rotten Tomatoes. This may have exposed user data to third-party developers.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Yelp Inc. (YELP): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

Twitter, Inc. (TWTR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TWTR GOOGL FB YELP

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More