Facebook Inc. (NASDAQ: FB) Changing How It Measures User Accounts for Ads And bans Militarized Groups

Facebook Inc.  (NASDAQ: FB) gained 0.3% on Friday, but this gain wasn’t adequate to reverse losses experienced early in the week at the back of growing products scrutiny and global outage.  Shares ended the week down 4%, which is the fourth consecutive week of decline and down 14% from September highs.

The company is changing how it counts users for ad purposes as part of its efforts to enhance privacy. The move would increase the number of accounts advertisers can reach. The company uses phone ID, and email address to link users’ Instagram and Facebook accounts for ad purposes but will now stop linking accounts.

Facebook to stop selling portable transmitters in the Philippines 

The Philippines Government has ordered Facebook, Sea Ltd.’s Shopee, and Lazada Group to stop the sale of unregistered portable mobile device transmitters that local media has indicated politicians could use to campaign for next year’s election. According to the National Telecommunications Commission, the devices can send messages to nearby mobile phones, violating the radio control law. The order has also banned portable mobile repeaters usage.

Vudu available on Oculus Quest 1 & 2

Vudu has announced that its freemium streaming up is now available on Facebook’s Oculus Quest 1 and Quest 2 Virtual Reality devices. A spokesperson told The Verge that already over one hundred 3D titles will be available to rent or buy. In addition, the Fandango-owned streaming app acquired from Walmart in 2020 supports ad-supported and free movies, including purchases and rentals.

Facebook bans militarized groups

Facebook has for years banned users from freely speaking about groups of people that promote violence in a bid to ward off allegations that it helps terrorists in spreading propaganda. The restrictions began in 2021 following an outcry from the UN and Congress about online terrorist recruiting.

According to documents, the social media company has so far banned around 986 militarized social movements groups.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.