Facebook bans 4 groups in Myanmar designated at 'dangerous organizations'
Facebook Inc. said Tuesday it is banning four more groups in Myanmar designated as "dangerous organizations" as the social media giant looks to reduce the likelihood that its platform will be used to facilitate offline harm. The groups Facebook is designating as dangerous are the Arakan Army, the Myanmar National Democratic Alliance Army, Kachin Independence Army and the Ta'ang National Liberation Army. "In an effort to prevent and disrupt offline harm, we do not allow organizations or individuals that proclaim a violent mission or engage in violence to have a presence on Facebook," Facebook said in a statement. "There is clear evidence that these organizations have been responsible for attacks against civilians and have engaged in violence in Myanmar, and we want to prevent them from using our services to further inflame tensions on the ground." Facebook's stock gained 0.5% in afternoon trade. It has climbed 14.4% over the past three months, while the Nasdaq Composite has edged up 0.6% and the S&P 500 has slipped 0.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.