Meta Commits $150M Additional Funding To Its Oversight Board

Facebook’s parent company, Meta, has announced that it will provide an additional $150 million to the platform’s independent Oversight Board. This board is responsible for monitoring various content moderation choices related to the site.

The money was disclosed on Friday by Nick Clegg, who serves as President of Global Affairs for Meta. This sum will be added to the initial $130 million investment that the firm made in 2019 when it established the board.

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The board, which is supposed to operate independently from the firm Meta, even if it is paid by the company, is made up of individuals who are experts from the outside and civic leaders.

“By making this ongoing financial commitment, Meta has issued a vote of confidence in the work of the Board and its efforts to apply content standards in a manner that protects freedom of expression and pertinent human rights standards,” Stephen Neal, chairperson of the Oversight Board Trust, said in a statement.

“Meta has issued a confidence vote in the job of the Panel and its efforts to apply Facebook and Instagram content benchmarks in a manner that protects freedom of expression and pertinent human rights standards.”

Meta Commits $150M Additional Funding To Its Oversight Board
Meta Commits $150M Additional Funding To Its Oversight Board

The content moderation choices that were made on the social networking site are reviewed by the Oversight Board after being brought to its attention by users or by the firm itself.

The board has the authority to make judgments about instances that are legally binding, but it may also provide the firm with ideas regarding policy changes that are not legally enforceable.
The board has considered a broad variety of issues, including the one involving the suspension of former President Trump’s account.

The board agreed with Facebook’s decision to suspend the account, but they felt it should not have been banned indefinitely. This decision was made one year ago.

From the conclusion of the case, Facebook announced that Donald Trump’s account will remain disabled for a minimum of two years following the first ban, which will be lifted in January 2023.

According to a post that Clegg made at the time, after the self-imposed deadline, the corporation will evaluate whether or not there is still a threat to the general public’s safety.

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