Facebook shares ended higher in the US Friday, ahead of news the social media site has investigated thousands of apps over their data policies and use and has suspended around 200 apps, pending further investigation.
Facebook is also continuing to take steps against political ads bought by Russians in order to impact election results. Separately, US Congress has released all the Facebook ads purchased by the Russian-based IRA, which amounts to more than 3,000 different ads.
Facebook shares closed 0.79% higher at $186.99 on Friday in the US. The stock is currently also in the green in pre-market trade, Monday.
Facebook suspends apps
Facebook shared an update on its app data use investigation, earlier Monday. The social media site said investigations into the data policies and use by the thousands of apps on the site are ongoing.
“The investigation process is in full swing… We have large teams of internal and external experts working hard to investigate these apps as quickly as possible,” Facebook’s VP of Product Partnerships, Ime Archibong said.
“To date thousands of apps have been investigated and around 200 have been suspended — pending a thorough investigation into whether they did in fact misuse any data. Where we find evidence that these or other apps did misuse data, we will ban them and notify people,” Archibong added.
The investigation was announced by CEO Mark Zuckerberg in March amid the Cambridge Analytica scandal.
Congress shares all Russian Facebook ads
Separately, US congress has revealed all the Facebook ads purchased by the Russian IRA in the lead up to the 2016 US elections. It also shared details of how much each ad cost and where it was shared.
The most popular ad was one promoting the “Back the Badge” group. Some 1,334,544 Facebook users viewed it and it cost the person who bought it, around $1,800. The entire 3,000 plus Russian sponsored Facebook ads cost around $100,000.
In response to that action by Congress, Facebook has given an update on how it is working to ensure such a high level of influence on important political events doesn’t happen again.
“In April, we removed 70 Facebook and 65 Instagram accounts — as well as 138 Facebook Pages — controlled by the IRA targeted at people living in Russia or Russian-speakers in Azerbaijan, Uzbekistan and Ukraine,” Facebook said in a blog post.