Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Facebook bans white nationalism, white separatism on its platforms

The policy changes will start next week, and it will apply to the tech group’s Facebook and Instagram, the company said.

Facebook has banned praise, support and representations of white nationalism and white separatism on its social media platforms Facebook and Instagram, the firm announced on Wednesday. The press release comes after the gruesome mass killings of 50 people in New Zealand speculated to have been caused by white supremacism.

Alleged gunman Australian Brenton Tarrant, 28, had used two semi-automatic rifles, two shotguns, and a lever-action firearm in a mass shooting at two Muslim mosques on March 15. After the terrorist shooting, New Zealand said its gun laws will undergo reforms.

Social media platforms have been under pressure from civil rights groups on the relaxed policing on extremist views - including white supremacist and neo-Nazi content - on their platforms. Abusive posts and fake news are also other forms of content that have ruffled the feathers of regulators in recent years.

On Wednesday, Facebook said it has long banned white supremacy as it was considered under its policy as a hateful treatment of people, but it did not include expressions of ‘white nationalism’ or ‘white separatism’ content as those words may relate to broader concepts of personal identity.

‘But over the past three months our conversations with members of civil society and academics who are experts in race relations around the world have confirmed that white nationalism and separatism cannot be meaningfully separated from white supremacy and organised hate groups,’ the company said.

Facebook said it has ramped up its content monitoring efforts and taken down event pages that are used to promote and organize rallies by while supremacist groups.

The policy changes will start next week, and it will apply to the tech group’s Facebook and Instagram, the company said.

New Zealand applauds Facebook’s efforts to remove hate

New Zealand prime minister Jacinda Ardern had in her address to the media days after the mass shooting pointed out that the live video of the shooting was shared 1.5 million times on social media and called for social media platforms to ‘demonstrate responsibility’.

Tarrant’s video was copied and circulated by users on Facebook. According to Facebook, it has removed 1.5 million videos of the attack in the first 24 hours, the company said in a tweet last week.

Responding to the announcement from Facebook on Wednesday, prime minister Ardern said she was pleased that ‘they are including it’, and that the company has taken that step. ‘But I still think that there is a conversation to be had with the international community about whether or not enough has been done,’ she stressed.

‘There are lessons to be learnt here in Christchurch and we don't want anyone to have to learn those lesson over again,’ Ms Ardern said.

The video posted by the terrorist reignited the discussion on whether social media platforms were doing enough to catch hate-filled, racial-slurred content, amid calls for tighter regulation from various governments.

Beyond social issues, Facebook’s platforms faced technical glitches

Facebook suffered some technical glitches two weeks ago, where users could not log in or post Facebook posts on the social media platform.

The glitch could also be experienced from the social media giant’s other products, such as Instagram and WhatsApp.

Facebook said the problem was not due to a DDoS attack, or a distributed denial-of-service attack, which is a cyber-attack where a hacker disrupts the services of the host by making the network unavailable to its users.

Facebook’s shares closed lower on Wednesday, down by 1.08% or US$1.81, at US$165.87.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.