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Facebook takes down Trump post saying kids are immune to coronavirus

Facebook removed a video post from President Trump Wednesday in which he claimed in an interview with Fox News that children are "almost immune" to COVID-19.

Why it matters: It’s the first time that Facebook has removed content from Trump's account for violating policies on coronavirus-related misinformation.


Be smart: In the last couple of weeks, Facebook CEO Mark Zuckerberg has shown a greater willingness to disagree with Trump. Facebook is often criticized for kowtowing to Republicans and arguing for free speech when people are upset by its content policies.

  • In an earnings call last week, Zuckerberg criticized the federal government's response to the coronavirus pandemic, saying it could have been handled better, and adding there is "no end in sight" to working from home for employees.
  • Zuckerberg also hosted a Facebook Live with NIAID director Anthony Fauci amid the disease expert's increasingly icy relationship with the White House.

What they're saying: "This video includes false claims that a group of people is immune from COVID-19 which is a violation of our policies around harmful COVID misinformation," Facebook spokesperson Andy Stone told Axios.

Between the lines: The company hasn't hesitated to go after world leaders before, recently taking down COVID-19 content posted by Brazilian President Jair Bolsonaro.

The bottom line: Itlooks like this is another instance of Facebook being more forceful in applying its COVID-19 misinformation policies, against the president in particular.

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Snap says it now has 500 million monthly active users

Snapchat on Thursday debuted a slew of new products and user metrics for things like games and augmented reality lenses that have been built using Snapchat's developer tools.

Why it matters: It's an important milestone in Snapchat's transformation from a social network to a camera company that caters to developers.

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The spike in global bond yields is setting up a clash between the world's top central bankers

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

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“It feels like a brand new day": Schumer declares Democratic majority in Senate

Senate Minority Leader Chuck Schumer (D-N.Y.) declared on Wednesday that Democrats have gained control of the Senate, with Rev. Raphael Warnock having defeated Sen. Kelly Loeffler (R) and Jon Ossoff currently leading in the race against former Sen. David Perdue (R).

Why it matters: A 50-50 Senate would give Vice President-elect Kamala Harris the tie-breaking vote after Jan. 20. Democratic control of the Senate will decide the fate of Biden's presidency, from whether he gets his Cabinet nominees to whether progressives get their tax hikes and public spending.

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