Facebook Declared Over $13B Spending On Platform Sanctity: Bloomberg

Facebook Inc FB claimed to have incurred over $13 billion on safety and security efforts since the 2016 U.S. election, Bloomberg reports.
The social media company has 40,000 workers, including contractors working on safety and security matters, focusing on content moderation. It had over 35,000 safety and security employees in October 2019.
Facebook's claims follow its struggles to combat issues, including inappropriate content or user behavior, Covid-19 misinformation, and illegal human trafficking triggering Senate inquiry.
Facebook said 3 million people use the global political ad library per month, and it rejected 3.5 million political ad submissions over the first six months of 2021 over inadequate information.
Price Action: FB shares traded higher by 0.66% at $357.94 on the last check Tuesday.
Photo by Anthony Quintano via Wikimedia