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Facebook could just ban political advertising for a year. They don't stand to lose a lot of money, just political influence. It would be a smart move though tha
by buboard 7y ago
Facebook could just ban political advertising for a year. They don't stand to lose a lot of money, just political influence. It would be a smart move though that would shut the mouths of their rivals in the press.
- pixl97 7y agoI dont think you realize how much money is in political ads.
- buboard 7y agoThat money will be useless if facebook is destroyed by the next government. Trump and Clinton spent $81M on US election Facebook ads in 2016 https://techcrunch.com/2017/11/01/russian-facebook-ad-spend/ https://techcrunch.com/2017/11/01/russian-facebook-ad-spend/ and https://www.vox.com/2018/10/23/18015228/facebook-top-political-ad-buyers-trump-beto-elections https://www.vox.com/2018/10/23/18015228/facebook-top-politic...
- js2 7y agoI think you overestimate how much money is spent on FB political ads. FB had over $16B in revenue in its most recent quarter. Trump and Clinton raised a combined $2B in their 2016 campaigns. If they dumped all of that into FB ads, it would still be only about 3% of FB's annual revenue. Obviously they spent far less, but I don't know what PACs spent. https://investor.fb.com/investor-news/press-release-details/2019/Facebook-Reports-Second-Quarter-2019-Results/default.aspx https://investor.fb.com/investor-news/press-release-details/... https://www.washingtonpost.com/graphics/politics/2016-election/campaign-finance/ https://www.washingtonpost.com/graphics/politics/2016-electi...