Facebook shares drop; tech firm announces new political campaign safeguards

Facebook shares ended lower Monday amid news the tech giant had introduced new safeguards for legitimate political campaigners ahead of the 2018 US midterms.

Facebook shares drop; tech firm announces new political campaign safeguards

Facebook shares closed lower in the US Monday, amid news the social media platform has introduced new safeguards to help protect political campaigners’ accounts and keep them more secure.

The pilot programme is a further measure to help ensure only genuine political campaigning, from the right users, is shared across the platform. It will also protect the data and information of those users, too.

Facebook shares ended the Monday US trading session 1.07% lower at $160.58. The stock is also currently in the red in pre-market activity.

Facebook introduces new tools

Facebook said Monday, it was expanding its efforts to protect the accounts of people associated with legitimate political campaigns, ahead of the 2018 US midterms.

Relevant users will be able to add additional security measures to their accounts, helping to make them even more safe from hackers and ‘bad actors.’

Tools such as “two-factor authentication” will be available to those users. In addition, their accounts will be more closely monitored, for signs of hacking and suspicious activity.

“We are working to bolster our defenses so that participants in this pilot will hopefully not need these expanded protections,” said Facebook’s Head of Cybersecurity Policy, Nathaniel Gleicher.

“In the event that they do, however, this program will help us quickly detect, and participants quickly report, any targeting that does happen,” Gleicher added.

Facebook’s Singapore operations go green

Separately, Facebook has signed a 20-year deal with green energy provider Sembcorp, to provide clean energy for its Singapore operations.

The solar energy deal with Facebook will see Sembcorp provide clean energy for its offices, including the recently announced 170,000 square metres, Singapore data centre.

“This agreement represents our first step towards supporting our Singapore Data Center and local offices with 100% renewable energy,” said Facebook’s Head of Global Energy, Bobby Hollis.

“We are thrilled to have Sembcorp as our partner on this project and excited to see the continued acceleration in the growth of the renewable energy market in Singapore,” Hollis added.

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