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Facebook Removes Allegedly Fake News in Brazil Amidst Stock Crash

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Facebook announced earlier this week, Wednesday, that after ‘a rigorous investigation’, it was removing those profiles and pages in an effort to reduce misinformation before the October general elections in Brazil. This happened just a day before a 19 percent drop in the company's global value yesterday.

Facebook's stock had an amazing year before Thursday, up more than 23 percent, but on Wednesday the company also reporter quarterly revenue was slightly under Wall Street's expectations.

The details in the report is what seemed to send investors running . . .

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