Meta’s Mark Zuckerberg plans to go to South Korea, scheduling key meetings in the course of the trip, in keeping with an announcement by Meta on Wednesday, which didn’t provide further details. Reportedly, Zuckerberg is anticipated to satisfy with Samsung Electronics chairman Jay Y. Lee later this month to debate AI chip supply and other generative AI issues, as per the South Korean newspaper Seoul Economic Day by day, citing unnamed sources accustomed to the matter.
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Meta prolonged its ban on latest political ads on Facebook and Instagram past Election Day within the U.S.
The social media giant announced the political ads policy update on Monday, extending its ban on latest political ads past Tuesday, the unique end date for the restriction period.
Meta didn’t specify the day it is going to lift the restriction, saying only that the ad blocking will proceed “until later this week.” The corporate didn’t say why it prolonged the political promoting restriction period.
The corporate announced in August that any political ads that ran at the least once before Oct. 29 would still be allowed to run on Meta’s services in the ultimate week before Election Day. Other political ads won’t be allowed to run.
Organization with eligible ads may have “limited editing capabilities” while the restriction continues to be in place, Meta said. Those advertisers can be allowed to make scheduling, budgeting and bidding-related changes to their political ads, Meta said.
Meta enacted the identical policy in 2020. The corporate said the policy is in place because “we recognize there will not be enough time to contest latest claims made in ads.”
Google-parent Alphabet announced the same ad policy update last month, saying it will pause ads regarding U.S. elections from running within the U.S. after the last polls close on Tuesday. Alphabet said it will notify advertisers when it lifts the pause.
Nearly $1 billion has been spent on political ads over the past week, with the majority of the cash spent on down-ballot races throughout the U.S., in keeping with data from promoting analytics firm AdImpact.
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