If Facebook alienates advertisers and has to shoulder the true cost of scrubbing criminals from its social networks, it could affect investors in the company, the complaint argues. ADADPeters helped coordinate earlier petitions to the SEC about Facebook’s failure to police wildlife trafficking and stolen antiquities. In a sworn statement attached to the complaint, a former Facebook content moderator said the social network’s moderation policies were ad hoc and often changed in response to media events. Facebook’s most recent transparency report notes that drug content removed was up to 8.8 million pieces of content in the final quarter of 2019. Correction: Gretchen Peters helped coordinate earlier petitions to the SEC about Facebook’s failure to police wildlife trafficking and stolen antiquities.

Source: Washington Post May 27, 2020 11:03 UTC