https://www.techdirt.com/articles/20210203/00204346169/facebook-oversight-boards-first-decisions-seem-to-confirm-everyones-opinions-board.shtml

Last week, the Oversight Board -- which is the official name that the former Facebook Oversight Board wants you to call it -- announced decisions on the first five cases it has heard. It overturned four Facebook content moderation decisions and upheld one. Following the announcement, Facebook announced that (as it had promised) it followed all of the Oversight Board's decisions and reinstated the content on the overturned cases (in one case, involving taking down a breast cancer ad that had been deemed to violate the "no nudity" policy, Facebook actually reinstated the content last year, after the Board announced it was reviewing that decision). If you don't want to wade into the details, NPR's write-up of the decisions and policy recommendations is quite well done and easily digestible.

If you want a more detailed and thoughtful analysis of the decisions and what this all means, I highly recommend Evelyn Douek's detailed analysis of the key takeaways from the rulings.