Reuters: Facebook to overhaul political ads after threat of U.S. regulation
Facebook Inc on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world’s largest social network over secretive ads that run during election campaigns.
The company also said it would turn over to congressional investigators the 3,000 political ads that it says were likely purchased by Russian entities during and after the 2016 U.S. presidential election.
...
Trevor Potter, president of the pro-transparency Campaign Legal Center, said in a statement that his group would “carefully monitor Facebook’s implementation of this new policy.” He said Facebook “helped create the secrecy that gave rise to foreign interference in the 2016 elections.”