💰 Meta wasn't showing the elderly and women the same housing ads as everyone else. It now says its new ad-targeting algorithm won't discriminate.

TL;DR

- Meta and its Facebook platform will be under federal oversight until June 2026 to monitor its progress.Facebook's parent company, Meta Platforms, launched a new ad-targeting algorithm on Monday after settling a lawsuit filed by the US Department of Justice for allegedly violating the Fair Housing Act.Six months later, a class action lawsuit was filed against Facebook, alleging that the platform discriminated against the elderly and women by not showing them the same housing and financial services advertisements as everyone else."But we know we cannot wait for consensus to make progress in addressing important concerns about the potential for discrimination — especially when it comes to housing, employment, and credit ads, where the enduring effects of historically unequal treatment still have the tendency to shape economic opportunities."Assistant Attorney General Kristen Clarke, who leads the DOJ's civil rights division, said Meta's new system represents "a pivotal step" in holding large tech companies accountable for discriminatory actions."

Like summarized versions? Support us on Patreon!