The daily business briefing: October 8, 2020

Facebook blocks new political ads through Election Day, Ruby Tuesday files for bankruptcy protection, and more

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1. Facebook blocks new political ads through Election Day

Facebook said Wednesday that it would block all political ads through Election Day as it steps up efforts to avoid being used to spread disinformation to influence the vote. "[W]hile ads are an important way to express voice, we plan to temporarily stop running all social issue, electoral, or political ads in the U.S. ... to reduce opportunities for confusion or abuse," Guy Rosen, the company's vice president of integrity, said in a blog post. The move marked a shift from Facebook's traditional resistance to policing political ads. Last month, the social network said it would block new ads in the campaign's final week, but CEO Mark Zuckerberg said no other changes were planned despite rising warnings that Facebook was being used to influence the election with disinformation.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.