Image credits: Morning Brew, Unsplash
/
Weekly Roundups

Facebook and Twitter Face US Election Day Misinformation

By Andrea Villar | Thu, 11/05/2020 - 12:00

The race for the US presidency between Joe Biden and Donald Trump is not over yet. Meanwhile, Twitter, Facebook and Google, which are under the scrutiny of the regulatory authorities in that country after being accused of allowing the spread of false information. 

To prove themselves, Facebook and Instagram pledged to clarify whether the vote count is still in progress and to report on whether a candidate or party declares a "premature victory" before the mainstream media announces the end of Election Day. Such was the case with Donald Trump on Wednesday morning when he declared his victory despite the fact that millions of ballots were still to be counted in key states.

In early August, Facebook and Instagram dismantled a network of 120 accounts involved in an operation to promote Trump's re-election campaign from Romania. Both social networks removed more than 1,000 accounts identified as "not authentic" because of their behavior aimed at misleading the public. Likewise, in mid-October, Facebook said it rejected 2.2 million advertisements and another 120,000 Facebook and Instagram posts were removed for trying to "block voter participation" in the US election.

Twitter, meanwhile, has implemented a system of alert tags in the tweets of certain accounts, including the tweet where Donald Trump declared his early victory. A couple of weeks ago, the company led by Jack Dorsey temporarily banned Trump’s campaign account after reporting that a video shared on Biden's son’s profile violated his rules. 

YouTube, on the other hand, started adding to its videos informative panels on postal voting to reduce the spread of misinformation. Voting by mail was added to a small list of topics considered by YouTube to be prone to misleading postings, said the company owned by Google in a blog post. “Our teams have been working around the clock to make sure we have the systems and policies in place to prevent the abuse of our systems and provide access to authoritative information this election season,” said Leslie Miller, YouTube’s Vice President of Government Affairs and Public Policy, in the blog.

Last week, the CEOs of Facebook, Twitter and Alphabet attended a virtual Senate hearing over 1996’s internet legislation Section 230, which says internet companies cannot be held liable for the content their users post. Republican Senator Roger Wicker pointed out that social media puts conservative content at a disadvantage affecting local media, which is why Section 230 should be changed.

More news below:

  • Mercado Libre reported net profits during 3Q20 of US$1.1 billion, representing growth of 148 percent year-on-year. According to the company, profits were driven by 110 percent year-on-year growth in the number of items sold, which reached 205.7 million during this period.

  • Cybersecurity means having greater visibility to make better decisions. Tenable achieves this through three steps: assessing, managing and measuring. “Risk-based vulnerability management is about understanding the full context of each vulnerability, including the criticality of the assets and an assessment of current and likely future attacker activity. Rather than a static view, risk-based vulnerability management delivers dynamic, continuous visibility of vulnerability, threat and asset criticality data,” said Francisco Ramírez de Arellano, Sales Vice President for Latam at Tenable, in an interview with Mexico Business News this week.

  • While investors wait for the Ant Group IPO, Alibaba's financial arm will have to catch up with new regulations in the Chinese market. According to analysts quoted by Reuters, Ant Group will have to comply with these new rules and then report how they will impact the business financially to proceed with its plans to go public.

  • This week, Kenneth Christopher, Sr. Director of the Americas Cloud Sales at Veeam Software, tells us why now is the moment to adopt more secure technology. “Today, ransomware attacks are everywhere. They are rampant in North and Latin America. In fact, just three weeks ago, Microsoft and the US federal government teamed up to block a major attack on the US elections this past October. In Latin America, we observe the same type of activities happening across the board. When we get to the situation where companies must pay a ransom, it only fuels those attackers more,” he said in an interview with MBN

  • On Dec. 4, 2020, SinDelantal will close operations in Mexico. "Mexico is living in an environment of intense competition in the food delivery industry, where many brands seek to win the heart and stomach of the Mexican consumer. SinDelantal's partners will focus their resources on those markets where they are in a leadership position," the company said in a statement yesterday afternoon. Meanwhile, DiDi Food is celebrating a year in the country with more than 34,000 registered businesses and presence in 25 cities across the country. 

  • COFECE's delay in approving Cornershop's acquisition affects the entrepreneurial ecosystem and threatens the future of the app, said Uber earlier this week. Over a year after Uber announced the acquisition of the online grocery shopping app, Mexican authorities have not approved the transaction, while it has already been approved in other markets including Chile, the US and Canada.

  • In Mexico, Visa is taking different steps to guide SMEs into digital payment ecosystems. In April 2020, Visa’s Country Manager Luz Adriana Ramírez shared with MBN that the Visa Foundation announced a five-year, US$200 million commitment to support MSMEs’ recovery around the world with a focus on women’s economic advancement and inclusive economic development. Also, Visa committed to support 4 million MSMEs in Latin America to expand their business and digital reach.

The data used in this article was sourced from:  
AFP, Reuters
Andrea Villar Andrea Villar Journalist and Industry Analyst