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Haugen: Meta (Facebook) misinformed investors on handling 'disinformation'

Facebook has done too little to combat 'falsehoods'

21.Feb.22 9:11 AM
By Abigail Richards


Haugen: Meta (Facebook) misinformed investors on handling 'disinformation'

Facebook whistleblower Frances Haugen says the company has misled investors about addressing disinformation on its network. In particular, it is about curbing the spread of false information about climate change and COVID-19.

Haugen has filed complaints with the Securities and Exchange Commission (SEC). The whistleblower and former employee of Facebook became known in one fell swoop last year, after she shared many internal documents of the company with US media. It revealed, among other things, that Facebook owner Meta ignores aspects of its social media that are harmful to its users.

According to Whistleblower Aid, a non-profit organization that assists Haugen, Meta has shown "misrepresentations" to investors about how it deals with combating disinformation.

"The documents shared with the SEC make it perfectly clear that Facebook is saying something different in private than in public."

It is not just irresponsible to the public. "With this, the company has also actively deceived investors who, according to the law, are entitled to truthful answers."

The documents show that Meta has introduced only since last year a clear policy for tackling climate "change disinformation". Also, Haugen says false information about climate change and COVID-19 was abundantly present on the platform, despite claims from executives who said they were committed to fighting the "global crisis".

Although Facebook has been under fire for much longer because of its actions surrounding the spread of disinformation, the company says it has done a lot to address the practices.

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