OLD Media News

Facebook commits funding to content oversight board

Facebook has announced it will finance the operational costs of a new and independent oversight board with initial funding of $130 million.

The new project will act as a filter deciding whether individual pieces of content should be posted on the social platform.

Facebook’s content oversight board will be individually staffed, separate from Facebook and will include a minimum of three individual trustees and a corporate trustee. Also, the board will have the power to overrule Facebook CEO, Mark Zuckerberg.

Brent Harris, Facebook’s director of governance and global affairs, said, “As stated in the charter, the bylaws will help the board create and codify its operating procedures. They will also clearly outline the partnership between the board, the trust, Facebook and, most importantly, the community of people who use our platforms.”

Further, the company plans on naming the board’s co-chairs and first members after January 2020.

Citing people familiar with the matter, the Wall Street Journal said any potential FTC action would likely be taken because of anti-competitive concerns about Facebook’s plans.

Mariam Ahmed

Recent Posts

Indianapolis Biz Journal seeks a news editor

The Indianapolis Business Journal is looking for our next news editor, a role that focuses…

11 hours ago

Axios hires Berkowitz as ME for media and markets coverage

Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…

16 hours ago

Business Insider hires Ortega as director of newsroom operations

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…

16 hours ago

Rest of World promotes Chandran to deputy editor

Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…

17 hours ago

FT hires Venugopal as India newsletter editor

The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…

17 hours ago

FT taps Parkin to be Middle East and Africa news editor

Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…

20 hours ago