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Facebook wants even more info on who is buying political ads

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Facebook wants even more information about who's paying for political ads. Facebook said this week that it will tighten some of its rules on political ads and will require more information about these ads' funding, as well as verification of the ad purchaser's identity. Users will need to give "their tax-identification number, or campaigns can share their own registration data from the Federal Election Commission, and Facebook will label them as a 'confirmed organization' in its archive," according to the Washington Post. The new rules are meant to address recent political ads on Facebook that featured misleading or inaccurate disclaimers. Facebook can only go so far, it says: According the Post, advocacy organizations buying political ads on Facebook won't be required to share additional information about their donors. This means that if Facebook users want...

Axios Pro Rata: Peloton spins IPO ⁠— One 🍓 thing ⁠— Blackstone in the tall grass

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Presented by Goldman Sachs:   View in browser   Presented By Goldman Sachs   Pro Rata By Dan Primack · Aug 28, 2019     Top of the Morning Source: Giphy In golf, you don't want to be in the "tall grass." So far in 2019, the same rule applies to private equity. The Blackstone Group earlier this year invested $3.3 billion for a 44% stake in Tallgrass Energy (NYSE: TGE), a Kansas-based midstream energy infrastructure company. It was the first investment out of Blackstone's debut infrastructure fund, which reportedly has secured over $12 billion in commitments (including a big slug from Saudi Arabia). Tallgrass stock was at $24.18 just before the announcement. Yesterday it closed at $13.35 per share. Reasons for the slide include missing Q2 earnings estimates on both the top and bottom lines, plus some investor concerns about ...