34.9 C
Delhi
Wednesday, August 5, 2020

Removing hate speech ‘right thing’ to do: Facebook COO

- Advertisement -

Germany fines Facebook $2.3mn for under-reporting content complaintsSan Francisco (IANS) Facing ad boycott from more than 400 advertisers, Facebook Chief Operating Officer Sheryl Sandberg has said that the company is working to remove hate speech on the platform not for financial reasons or advertiser pressure, because it is the right thing to do.

Her comments during an earnings call with investors on Thursday as the company discussed its second quarter results came after advertisers responded to an ad boycott call by civil rights organisations for failing to remove hate speech.

In Q2 of this year, Facebook’s top 100 advertisers represented 16 per cent of its ad revenue, which is a lower percentage than a year ago.

Facebook said it does not benefit from hate speech and stands firmly against it, even though the coalition of civil rights groups behind the ad boycott slammed the social network after a meeting with its CEO Mark Zuckerberg earlier this month.

The coalition said that Zuckerberg and the Facebook team was not yet ready to address the vitriolic hate on their platform.

Zuckerberg offered no automatic recourse for advertisers whose content runs alongside hateful posts, the coalition said.

Sandberg said that Facebook continues to talk to civil rights organisations that are boycotting it.

On a user regional basis, ad revenue growth was strongest in the US and Canada, Asia-Pacific, and Europe which grew 14 per cent, 11 per cent, and 9 per cent, respectively.

Rest of World declined six per cent and was impacted by challenging macroeconomic conditions as well as foreign currency headwinds, the company said.

Even while dealing with an ad boycott, Facebook reported net income of $5.18 billion in Q2 as revenue jumped 11 per cent to $18.69 billion from $16.89 billion a year ago.

–IANS

Follow Us For Latest Updates -

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Topics

Covid 19 India Updates

CBI receives Centre’s nod to probe Sushant Singh’s death

New Delhi, Aug 5 (IANS) The Central Bureau of Investigation (CBI) on Wednesday received the Department of Personnel and Training's (DoPT) notification to initiate...

Trending Right Now

Despite efforts to eradicate Ram’s existence, he lives in our hearts: Modi

Ayodhya/New Delhi, Aug 5 (IANS) Ram Lalla and 'Vikas' were brought together in a fine interpretation of Lord Ram in the speech by Prime...