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Facebook has yet another major controversy from its impact on the 2016 election, and this one cuts to the heart of how it makes money.
On Wednesday, Facebook (FB, Tech30) revealed that it sold approximately $100,000 worth of ads during the presidential election cycle from inauthentic accounts and pages "likely operated out of Russia."
The news comes amid ongoing investigations into Russia's interference in the U.S. election. Facebook, in particular, has spent much of this year trying to crack down on the spread of fake news after being heavily criticized for the role it may have played in influencing the U.S. election.
originally posted by: Jefferton
I have nothing to do with social media.
A source familiar with the matter told Reuters on Wednesday that the social media giant had sent the former FBI director data including copies of the ads and the identity of the buyers. That report followed news that an internal Facebook investigation found it is agents of the Kremlin may have spent $100,000 on ads with "divisive messages" between June 2015 and May 2017.
The top Democrat on the Senate Intelligence Committee said Twitter plans to give Congress an analysis of Russian activity on its social media platform.
Sen. Mark Warner (D-Va.) told reporters the report from Twitter will be similar to one Facebook provided to congressional investigators on Wednesday.
The fake accounts were linked to a company called the Internet Research Agency, a "troll farm" that uses social media operations to promote Kremlin propaganda