Facebook Inc. FB, -1.55% said Friday there will be new requirements for those who manage Facebook pages with a “large U.S. audience,” in an effort to make it more difficult to administer fake accounts. “Our goal is to prevent organizations and individuals from creating accounts that mislead people about who they are or what they’re doing,” Facebook said. The people managing the pages will be asked to complete an authorization process to keep posting, asking them to secure the account with two-factor authentication and to confirm their primary country location. Those viewing the pages will see more details of the people managing the pages in the Info and Ads section. And in the coming weeks, Instagram will also introduce features that allow people to see more information about the accounts with large audiences. The move comes after the company has faced a backlash over the use of fake accounts to influence elections and user privacy concerns. The stock slumped 1.8% in afternoon trade, amid a broad-market selloff. It has slipped 3.1% over the past three months, while the Nasdaq Composite COMP, -0.67% has gained 5.7% and the S&P 500 SPX, -0.71% has tacked on 3.9%.
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