Social media behemoth Meta Platforms (NASDAQ:META) has outlined its content monitoring efforts in light of the ongoing war between Israel and Hamas. The company’s expert teams have been monitoring its platforms around the clock since Hamas’ attacks on Israel on Saturday. Taking action on violating content, Meta has set up a special operations center with teams fluent in Hebrew and Arabic. The step is another line of defense against misinformation for the company.
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Furthermore, in the three days after October 7, Meta removed or flagged over 795,000 pieces of content for violating its policies. The company has temporarily expanded its Violence and Incitement policy and is removing content that clearly identifies hostages.
Meta is also working with third-party fact-checkers to mitigate the impact of false claims. The company has the largest third-party network for checking facts compared to any platform. The Israel-Hamas war has sent shockwaves across global markets. As Israel readies for a ground invasion of Gaza, crude prices have been galloping higher. Furthermore, major indices around the globe were in the red today after Israel asked over a million civilians to leave Gaza City.
What is the Forecast for Meta Stock?
Overall, the Street has a Strong Buy consensus rating on Meta. The average META price target of $376.03 implies a 16% potential upside. That’s on top of a 154% surge in the share price over the past year.
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