Facebook Explores Forming An Election Commission: NYT

The New York Times reports that Facebook Inc FB has got in touch with academics and policy experts to form a commission on global election-related matters.
Facebook aims to transfer some of its political decision-making to an advisory body to take the edge off CEO Mark Zuckerberg as the sole decision-maker on political content.
The proposed commission could decide on the viability of political ads and election-related misinformation treatment following criticism over political bias and rumors.
Facebook is likely to announce the commission this fall in preparation for the 2022 midterm elections.
Facebook's Oversight Board, formed in 2018, involves a panel of former politicians, academics, and policy experts to decide on Facebook's appropriateness in content removal.
Price Action: FB shares closed lower by 1.09% at $364.38 on Thursday.