Facebook Inc. CEO Mark Zuckerberg announced Wednesday that the company will hire 3,000 people globally to its community operations team to monitor posts that are flagged by the community as being inappropriate. The team will nearly double from 4,500 today. In a post on Facebook, Zuckerberg said it was responding to a number of incidents of people hurting themselves - and others - live on Facebook in videos. "We need to respond quickly," he said. This follows a number of incidents on Facebook in recent months and the spread of fake news on the website. Earlier this month, a man in Cleveland shot a stranger and streamed it live on Facebook, prompting outcry and pledges from Facebook to do more to address the issue. Shares of Facebook fell 0.5% to $152 in morning trade. They've gained 16% in the past three months and nearly 30% in the past year, outperforming the S&P 500 , up 4% and 16%, respectively.
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