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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Tech

Facebook and Twitter Could Be Forced to Disclose Who Is Paying for Political Ads

By
Kirsten Korosec
Kirsten Korosec
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By
Kirsten Korosec
Kirsten Korosec
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October 19, 2017, 2:31 PM ET

Facebook, Twitter, Google, and other platforms are about to face what promises to be the first of many efforts by Congress to prevent Russia and other foreign countries from interfering in U.S. elections ever again.

Sen. John McCain is backing legislation authored by two Democratic senators that would require sites like Facebook, Twitter, and Google to disclose who is paying for political ads. The bipartisan Honest Ads Act would essentially make sure political ads sold online are covered by the same rules as ads sold for TV, radio, and satellite.

The proposed legislation, which was authored by Democratic Senators Amy Klobuchar of Minnesota and Mark Warner of Virginia, still has a long and winding path before it could become a law.

But it’s notable because it’s the first—of what will likely be many—pieces of legislation crafted in response to disclosures by Facebook, Twitter, and Google that Russia exploited their platforms to spread propaganda and fake news in an effort to influence the 2016 U.S. presidential election.

“In the wake of Russia on the attack in the 2016 election, it is more important than ever to strengthen our defenses against foreign interference in our elections,” McCain wrote in a statement that was read by Klobuchar during a Thursday press conference. “Unfortunately, U.S. laws requiring transparency in political campaigns have not kept pace with the rapid advances in technology, allowing our adversaries to take advantage of these loopholes to influence millions of American voters with impunity.”

You can watch the entire press conference here:

[youtube https://www.youtube.com/watch?v=LVEJjNNLWlk]

Facebook’s general counsel will testify on Nov. 1 before a U.S. House of Representatives panel investigating possible Russian meddling in the 2016 U.S. election. Executives from Twitter and Alphabet’s Google also are expected to appear at a public hearing before the House intelligence committee.

Last month, Facebook CEO Mark Zuckerberg outlined the company’s plan to ensure election integrity in the future.

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