Meta is accused of not actively fighting misinformation on Facebook
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Meta is accused of not actively fighting misinformation on Facebook

The nonprofit organization Whistleblower Aid has filed two complaints with the US Securities and Exchange Commission (SEC) accusing Meta (formerly Facebook) of misleading investors about its efforts to combat misinformation on its platforms. About that writes Edition of the Washington Post with reference to the dates of the relevant documents.

Former Facebook employee Frances Hagen / Image source: Jabin Botsford / The Washington Post

Former Facebook employee Frances Hagen / Image Source: Jabin Botsford / The Washington Post

Whistleblower Aid is representing Frances Haugen, a former Facebook employee who made a series of high-profile revelations last year by leaking data from the company’s internal investigations to reporters. The new allegations against Meta stem from the fact that the company allowed “Material Misstatements and Omissions in Statements to Investors” regarding their own efforts to combat disinformation about global climate change and the coronavirus infection. Both lawsuits are based on Hagen’s testimony before the US Congress and documents her lawyers submitted to the industry regulator.

One of the complaints said that misinformation about global climate change was rife on the social network Facebook and until last year the company had no clear policy on the matter. At the same time, management previously pledged to fight misinformation in a meeting with investors. The second complaint stems from public statements by Facebook management about the company’s efforts to combat misinformation about the coronavirus. At the same time, internal documents say the company has not made enough efforts to combat misinformation about COVID-19.

“Some investors simply will not want to invest in a company that cannot adequately respond to misinformation and then misstates relevant reports.”, says one of the lawsuits. Official representatives of the SEC have so far been reluctant to comment on this topic.

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Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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