Facebook stock price falls after announcing new political ad ban - Business Insider

Facebook slumps 6% after saying it will ban new political adds in the week before the presidential election

"We all have a responsibility to protect our democracy. That means helping people register and vote, clearing up confusion about how this election will work, and taking steps to reduce the chances of violence and unrest.

Facebook shares have been one of the large technology companies to benefit amid the coronavirus crisis and recession, as investors see it poised to withstand the economic downturn. On Thursday, other technology giants such as Apple, Amazon, Netflix, and Google parent Alphabet — the so-called FAANG stocks —

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