Thread by @GretchenSPeters

@CounteringCrime filed a new chapter of our complaint against @Facebook to @SEC_Enforcement early this morning. 1 🧵

Some media is reporting our filing is saying the firm puts profit over safety -- actually, we filed that ages ago, and we have been saying this openly in our reports for years. #oldnews. 2

counteringcrime.org/history-of-fac…

Whats NEW in today's filing is that #FB execs have known for years they can't remove the wide range and scale of toxic and illegal content on their platforms and REMAIN PROFITABLE -- and we have that from multiple #FB security team members. 3

That's a major SEC violation, given that #FB execs have repeatedly given deceptive comments on this issue, to regulators, in earnings calls, annual shareholder meetings and (under oath) in Congress. 4

What's also important - not to mention juicy, from a news perspective - is the cynical attitude among #FB executives, who smirked about "printing money in the basement" while they rode out scandal after scandal. 5

We believe this information adds materially to our earlier filings (documenting wide range & scale of criminal actors on #FB, as well as the placement of commercial ads next to criminal content) and the recent #FacebookFiles. 6

@CounteringCrime is a mostly-volunteer alliance of researchers, activists and online crime victims fighting to make the Internet safer. If you want to learn more, or like what we do and want to send us a donation, here's our website: 7/7

counteringcrime.org