Barry Diller says when it comes political ads on social media, he's in Mark Zuckerberg’s corner. 'Here's the thing: he's right. Not only is he right, it's against the law,' he said on SquawkCNBC earlier.
Chairman Barry Diller said when it comes political ads on social media, he's in Mark Zuckerberg's corner.
In an interview on "Squawk Box" with CNBC's Andrew Ross Sorkin and Joe Kernen Wednesday morning, Diller launched into a defense of the"Here's the thing: he's right. Not only is he right, it's against the law," Diller said. "On broadcast television, you cannot censor political advertising." Diller appeared to be referencing the The Communications Act, which prohibits federal broadcasters from censoring certain political advertisements,. Diller's comments position him as one of the few to publicly defend Zuckerberg's controversial policy.
"How are you going to prove a lie, given most of these commercials in negative advertising are filled with exaggerations and things?" he asked. "I think Facebook has spent billions of dollars to try to tame this." Facebook's policy to allow politicians and elected officials to promote false and misleading ads came under scrutiny earlier this month after the Trump 2020 campaign promoted a series of ads containing false information about his political opponent, former Vice President Joe Biden.
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