Facebook woos vehicle makers
FACEBOOK’S chief operating officer, Sheryl Sandberg, went on a charm offensive in Germany yesterday, telling the country’s powerful vehicle manufacturers that the world’s biggest social network does not want to compete with them. “I come with very good news. We’re the only company in Silicon Valley that’s not building a car,” Sandberg said to laughter and applause at the opening ceremony of the Frankfurt motor show, where she met German Chancellor Angela Merkel.
Facebook is sponsoring a “new mobility world” at the Frankfurt show that brings together car makers, tech companies and start-ups in areas such as autonomous driving and electric cars. Germany has introduced fines of up to ß50-million (R782-million) for social media networks if they fail to remove hateful postings promptly.
On Wednesday, Facebook tightened its rules on who can make money from advertising on its network to make it harder for providers of fake news and sensational headlines to cash in. It also said it would step up its monitoring of hate speech.
Sandberg said they would join an urban mobility test project in Munich and also sponsor a new university in Berlin focused on digital product development. – Reuters