Facebook will reportedly tighten the screws on political advertisers

pulse

October 7, 2017 5:14 PM

Axios is reporting that Facebook will require ads that are targeted to people based on "politics, religion, ethnicity or social issues" to be manually reviewed.

Facebook is reportedly going to tighten the screws on political advertisers using its platform.

Facebook is going to "

The manual review process would be a "higher standard" than what's currently required of the majority of Facebook ads, according to Axios.

Facebook also told advertises that with this new process, advertisers will probably "

The company is expected to testify before two congressional committees on Capitol Hill on November 1 — the same day the company will report third-quarter earnings results.

Facebook's stock is trading at historic highs, suggesting that investors appear to be somewhat unfazed by the scrutiny.

Earlier this week, Business Insider's Alex Heath reported that late last month, Deutsche Bank raised its estimates and price target on Facebook to $220 a share after conducting encouraging check-ins with advertisers.

Check out the full report at Axios here.

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