Twitter, Facebook, Google Survey Results on Political Advertising

This has been one of the biggest social media debates of this year, especially after Mark Zuckerberg's hearing and being roasted by Alexandria Ocasio-Cortez. Twitter immediately took a stance on this by banning any political advertisements. This is a very strategic move on Jack Dorsey's end, as the amount of political spending twitter receives is miniscule when compared to that of Facebook's. This is what the employees of Twitter think.

This is the survey from employees at Twitter, Facebook and Google as to how they think it would impact the 2020 election, and if Facebook should also adapt the same policy as Twitter's

This was from an blog post by James Wagner

 

Its very surprising that, a lot of facebook employees support the facebook policy.

Sheryl Sandberg:
We're not doing it because of the money... This is less than 1% of our revenue and the revenue is not worth the controversy.

Some experts extrapolate the expected political ad spending for the upcoming 2020 election to be close to Half a Billion dollars

 
BlimpBananas:
Who wants to talk about the Russian involvement in facebook advertising for the 2016 election?
The New York Times:
Fake Russian Facebook Accounts Bought $100,000 in Political Ads

I don't understand this criticism. Russia has been interfering with American elections in various ways since the Bolshevik Revolution. They were notorious for interference. Now since some trolls posted some pro-Trump/anti-Hillary fake news in 2016 it's a scandal of epic proportions? Let's just be honest about this--if Clinton had won the election, no one--at all--would be talking about Russian interference. This is all entirely because Trump won.

Array
 
Most Helpful

Firstly, I am pretty radical about truthfulness. I have a zero tolerance policy for malicious lying. If anyone I know personally maliciously lies to me then I completely lose trust and respect for them. I am also not very good at forgiveness, for better or worse.

  • So my immediate thought is to hold Facebook (and others) to a standard of truthfulness, or at least not blatant lies. This is the standard a lot of media companies must adhere to. This just doesn't work.

  • There are multiple truths in life. There are things that are proven true (or not) over time, but may have not been apparent with the available information. There is speculation, which can turn out to be false.

  • Some things are inherently true. The law of gravity exists, the laws of thermodynamics exist. I fall back on physics to find truths in life. Even this is flawed. Quantum physics provides us with more questions than answers. Such is life I suppose.

  • Some things are inherently untrue. Obama was born in Kenya. Clean coal is good for the environment. Mexican farmers are taking away jobs from surgeons in the US. These things are not true. Trump's inauguration was the largest gathering of people ever seen.

  • From the highest authority (I absolutely hate authority, but it's how our species organizes itself), the line is blurred between true and false. Alternative facts are now the new norm. Things have become less clear by design, not so much of a better understanding of facts.

  • As a result of the truth and lies being commingled, echo chambers have also begun to provide solace for extremists. You can find a message board full of people who see the world in a specific way without a care for truth. You can find information to support your beliefs. I am the President of the US. No, I'm not Trump. I'm Malta Monkey. Tf you mean I'm not actually the President? I can create a forum online full of people who say I am. Trump is fake news. Malta Monkey is the President.

So what's the solution? Society is inherently too stupid to figure it out. So take it away. Take away political advertisements because people cannot be responsible to distribute the truth and people cannot be responsible to vet information.

I agree with Twitter. Cancel out the useless noise.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Thanks for the extensive comment Malta!

You cover a lot of points and love your analogies.

Yeah I agree with you about Twitter. I think if FB really only is making 0.5% of its revenue from political ads, then its an easy decision to stop it. Infact, a decision like that would boost up their stock value and increase investor confidence.

Maybe, its strategic on Twitter's part but now they would both benefit from all the users with a liberal mindset, the youth, and the next government potentially.

I'd say its harder for Twitter than FB to back out from these ads cause, Trump had kinda made Twitter boost up with his $%^&*() tweets.

 

AOC is an authoritarian. She and her cohorts don't like social media political ads because they can't control them. It's terrible that social media companies are being pressured into regulating speech by authoritarian politicians. Good for Facebook for standing up for the principle of free speech.

Array
 

I just firmly believe that political advertising should just not be allowed anywhere online/tv - unless with equal representation that is to say that from 8 pm to 8:02pm there is 2 minutes of political advertising and 1 minute is given to dems and 1 to republicans. There is much more ways of promoting your campaign and on how you should influence people than through the vile social networks.

 

But in today's world, isn't Social Media one of the most important platforms for elections/winning votes. UK had done it & is prepping for another one, India was heavy on Social media ads and even had holograms of Modi...

I'm not for or against Trump. I don't vote in the US. I'm just trying to understand your stance on social media political advertising.

 

My point is that money available to a party shouldn't influence an election (I unfortunately believe that in the US elections are very money driven, hence you only see two parties as it has always been the case, I think that it is one of the few coutries of the world where it is the case) - in the case whereby advertising spending on social media would be regulated then it would make sense, although individuals ie you and I could promote our party online too so very tough to regulate, therefore simply banning it is the best option.

 

Nisi nesciunt beatae sit quis. Voluptas sit ipsum nobis temporibus quia qui vel. Sit voluptates modi quidem qui molestiae officia adipisci. Dolores suscipit qui necessitatibus non voluptatem.

Alias dolores et id esse ipsam. Reprehenderit voluptatibus quaerat quos autem cupiditate nulla. Deleniti ipsa at et.

Array

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”