Following recent scrutiny from regulators over the role Facebook contents played before and during the 2020 US presidential elections, the company has revealed it is planning on ways to reduce political contents on its news feed.
In a statement by the company’s CEO Mark Zuckerberg, the company plans to restrict civic and political users and review the recommendation of such globally.
In a research gathered by TALKE Magazine, the company which owns various apps such as WhatsApp, Messenger, and Instagram, among others, earned a profit of $11.2 billion within the last three months of 2020 which amounts to more than 50 percent increase from the previous year.
As a leading company for business advertisements, Facebook reported 3.3 billion monthly active users, during the pandemic which is an increase of 14% compared to the previous year.
While speaking on the future prospects for the business, Zuckerberg mentioned that despite the various allegations from different quarters that Facebook has continued to abuse its dominance in the digital market space, the company would continue to maintain its status as the world’s most important advertising platform.