Wall Street Journal

Facebook was justified in banning then-President Donald Trump, the company’s independent oversight board ruled but didn’t appropriately explain if or why the former president should be permanently locked out of the social-media platform. “It is not permissible for Facebook to keep a user off the platform for an undefined period, with no criteria for when or whether the account will be restored,” the board said in its decision.

Facebook's newly formed Oversight Board—a group of 20 lawyers, professors and other independent experts who consider appeals to decisions made by the company—has been charged with interpreting Facebook’s numerous detailed rules governing everything from the depiction of graffiti to swearing at newsworthy figures.

Apollo Global Management agreed to pay about $5 billion to acquire Yahoo and AOL from Verizon as the wireless company exits its ill-fated foray into the media business. The private-equity firm is paying $4.25 billion in cash for a 90% share of the media assets. Verizon will keep a 10% stake and $750 million of additional preferred stock in the new company, called Yahoo, that will be formed to operate the business. Verizon Media, which mostly struggled to grow against Alphabet's Google and Facebook, generated $7 billion in revenue in 2020.