Home Social Media Zuck’s Pledge To Congress: Political Ad Transparency, An App Crackdown And Big Security Investments

Zuck’s Pledge To Congress: Political Ad Transparency, An App Crackdown And Big Security Investments

SHARE:

In Facebook CEO Mark Zuckerberg’s prepared statement for Congress, he describes how his company hopes to prevent illicit data sharing and enhance transparency around political advertising.

The testimony, which will be delivered Wednesday, partially reiterates changes that Facebook publicized last week. Last Wednesday, Facebook detailed API data restrictions. And last Friday, it described the tools it would use to enhance political ad transparency.

Massive app audit

Zuckerberg will also pledge to Congress that Facebook is conducting a massive app investigation.

“We’re in the process of investigating every app that had access to a large amount of information before we locked down our platform in 2014,” his prepared statements say. “If we detect suspicious activity, we’ll do a full forensic audit. And if we find that someone is improperly using data, we’ll ban them and tell everyone affected.”

AI to remove fake accounts, new staff to review content

Zuckerberg also claims Facebook has built “advanced AI tools to remove fake accounts” and he outlines a number of “successful” deployments.

Moreover, he mentioned that Facebook has about 15,000 people working on security and content review. Facebook will have north of 20,000 staffers on that job by the end of 2018.

He adds that Facebook’s security investments will “significantly impact” profitability.

Political ad authorization

Facebook said last Friday that it will require political advertisers to be authorized by the company.

Zuckerberg reaffirmed the requirement in his prepared remarks and added that political and issues advertisers must confirm their location and identity.

“Any advertiser who doesn’t pass will be prohibited from running political or issue ads,” the testimony says. Facebook will also label political ads and show who paid for them.

The rollout is starting in the US and will go global in the next few months.

Facebook also built a tool that shows on which pages a political ad is running. The tool is testing in Canada but will go global this summer.

Zuckerberg’s statements say these verification measures will require Facebook to hire thousands before the 2018 elections in the US and elsewhere in the world.

Must Read

Comic: Always Be Paddling

The Trade Desk Faces Headwinds As Investors Reconsider The Thesis Of Objective Indie Ad Tech

The Trade Desk, once a Wall Street darling, now faces the challenge of rebuilding goodwill across the investor community and the ad tech industry.

Other Than Buying Warner Bros. Discovery, Paramount Skydance’s Priority Is Streaming Revenue Growth

While the outcome of Paramount Skydance’s bid for Warner Bros. Discovery hangs in the balance, Paramount is laser-focused on driving streaming growth.

TV Media Buyers Want Outcomes – So Nielsen Is Introducing More Advanced Audiences

On Wednesday, and in time for the upfronts, Nielsen added more than 200 advanced audience segments in Nielsen ONE, its cross-platform analytics dashboard.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

Why Dow Jones Prioritizes Direct Deals To Protect Its Audience Value

In pursuit of ad revenue, Dow Jones is betting on a tried-and-true strategy: direct relationships, first‑party audiences and a disciplined approach to using data to enrich ad campaigns.

Comic: Shopper Marketing Data

Infillion Strikes Again, This Time Buying The Retail Purchase Data Company Catalina

Infillion, an ad tech business built on M&A, is back with another acquisition. This time it’s Catalina, a century-old market research and shopper marketing company with roots in physical cash register machines.

This Election Season, Buyers Can Curate Deals Based On Voter Values

OpenX and Givsly’s new curation solution lets political campaigns reach voters based on data sourced from nonprofits, rather than traditional party affiliation.