answering you yes. so i think finally facebook is moving in that direction. but i also think there s still a distinction. i think they re just telling us more about how they re using our data. they re not necessarily changing too much. they re just being more open about their process. it s a step in the right direction. ed: something el that struck me, sheryl sandberg saying they don t sell data. what do they do? that might be misleading. what facebook makes money on is they can go to advertisers and say, hey, we know about the users on our platform and we can reach them in all these various ways. they do monetize their data. they absolutely make money off of it. what happened in the past is facebook did allow app developers to create apps that would mine your data. they could get it. this is the big cambridge analytical war. all of the data that was essentially downloaded back then
is out there. we re never gonna get it back. i m glad dana asked about election meddling. the point about them creating a transparent feature on your news feed monday. that will not notify people if they liked or followed russian bots or russian pages. ed: in the 2016 election. they are not transparent about that at all. she did make a comment they did turn over a lot of ads and information. publicly we only know about 18 of the 470 accounts set up by the russian bot accounts. i spoke to a lot of americans who handed over personal information. they have no idea. they had no idea they were communicating with a russian troll. congress knows it. the american public doesn t. a year and a half lear americans are still in the dark. ed: deidre, what was your sense overall? is this a heart felt opportunity effort to bring more transparency to the process or is this facebook s got its stock
shelby holiday and fox business reporter deidre bolton. lot to digest. one thing that struck me was at the very top, sheryl sandberg said on monday there will be a, quote unquote, very easy link at the top of your facebook page to delete apps, get a better handle on your privacy. first thing i thought, that s a great idea. what took so long? what took so long? you needed two strikes at the plate, which we have already seen. cambridge was the second strike. the first strike was this runup to our presidential election in which 125 million americans, half of our voting population, more than that, saw an ad that was either created or manipulated by russian bots. so it took facebook two strikes to get there. i m glad they re getting there. and i think it is certainly necessary. steve jobs said eight years ago, of course completely different business model, but ask your users, ask them at every single interview, ask them at every single corner if they want to share. ask them until they are
to me that seems impossible. we ve shared all of the stuff that was published publicly. we ve let people know if they liked it or if they saw it. and certainly those questions need to be answered. we re very focused as you said. we should be. on going forward in the next election. it s one of the most important things we re focused on, fake accounts. fake accounts were the source of the problem. people think of fake accounts as often politically motivated and they are. but a lot of times they re financially motivated. people write outlandish headlines. we ve gone after those economic incentives, it can t participate in modernization on facebook. just as one example. dana: we talked about three different issues. fake news, privacy, data, how big facebook is. next week mark zuckerberg, the ceo, who has been just a very naturally idealistic person. he really believes in the good that can come to connecting this global community. next week he is going to face members of congress from b
2016 and what we re announcing today is that if you are running not just an election ad, but you are running an issue ad and we re going to publish a list of issues, we re going to verify who you are. you have to tell us your location, your identity. if you won t tell us that, we re not gonna let you run. we re gonna label all of those ads as political ads and there will be an archive anyone can look at which shows who paid for the ad, how much was spent and the demographics. dana: does that come now from what we know about russian influence in the election? how far back does it go? did facebook know in the fall of 2015 that it had a problem with russians trying to influence the election? we learned about this late. we did not know. we did not know then. we had seen some early activity. we had published some stuff, but we didn t understand the gist of it. but now we do. now we re taking action. you saw this week we took down an additional 270 pages from the