Of course.
Of course.
Google did the same thing: https://www.theverge.com/2020/9/25/21456323/google-election-...
As there is a good chance we won't know the result of this elect on election night (or possibly within the first week), the tech companies seem to be getting in-front of a potential problem to keep campaigns from drumming up any kind of fear about the election results after the polls are closed.
See 2000 for a great example.
[0]: https://www.facebook.com/business/help/167836590566506?id=28...
Instead there is some VP in charge of "ad sales for mid-West US" who looks at their target numbers for a bonus, looks at the ~$100M+ spending planned by the campaigns in that area in the next month[1] and goes "I don't want to sell an election but it is and important free speech issue that campaigns are allowed to get their message across".
Stopping that is a decision that has to be made at the top, by one person who then needs to argue against a lot of people whose financial interest is in the opposite direction.
[1] https://www.mcclatchydc.com/news/politics-government/electio...
For a mental image, someone paying for a political ad could be running for school board in a medium sized city. A ban on all political ads would restrict that person's ability to explain why they want to be on the school board, and would restrict that person's ability to advocate for new policies in their school district. Why do you want to impose a ban on this?
In my view, the goal of FB should be to allow for free speech, especially in the context of politics.
Restricting political advertising using Facebook's hyper-targeted advertising platform strikes me as a responsible decision. I'm not sure there is a bright line between persuasion and manipulation, but if Facebook is trying to prevent the latter, that's more ethical behavior than I expected from them.
Personally, I think disclosure is the best policy. For example, make it easy to find all the ads a particular politician or group has posted. FB has already implemented a many things in that area.
I am of course speaking in general terms about future elections rather than making drastic adjustments in the middle of this one.
Moreover, FB banning political ads doesn't end the advantage of having more money. It just channels that money somewhere else (TV ads, hiring door-to-door campaigners).
I don’t believe eliminating the influence of money from politics is a desirable or achievable goal. If you do think it is desirable and achievable, then a ban on FB ads makes sense, but you should also presumably advocate for a ban on TV ads, newspaper ads, paid campaign events, paid campaign staff, and so on.