Facebook Starts Labeling COVID-19 Vaccine Posts Upon Severe Backlash

Facebook Inc FB has started incorporating labels to posts concerning the safety of the COVID-19 vaccine shots, followed by labeling every post about the vaccines amidst severe backlash over vaccine misinformation from lawmakers and researchers, according to the company's blog post.

• The company disclosed launching a U.S. tool for information regarding vaccines, including a COVID-19 information area to its photo-sharing site Instagram.
• False claims and conspiracies regarding the vaccines had multiplied on social media platforms during the pandemic, Reuters reports.
• Facebook and Instagram recently tightened their policies, including assurances from Chief Product Officer Chris Cox after a severe detached approach.
• The company also removed an additional 2 million pieces of content from Facebook and Instagram, including reducing the content reach from users who recurrently shared content marked incorrect by fact-checkers.
• Price action: FB shares are down 0.32% at $267.55 in the premarket session on the last check Monday.