The Social Media Giant Facebook (NASDAQ:FB) won’t accept new political ads in the week heading into the U.S. presidential election in an effort to limit the spread of misinformation. The new rule only applies to purchases made that week, not ads purchased now and scheduled for that window. Facebook’s other new election efforts include partnering with Reuters to provide live, official election results and plans to add a label to any candidate or campaign post that tries to declare victory before the official declaration.
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