Facebook Inc (NASDAQ:FB) Fake News Fight Has A Concrete Action Plan

Mark Zuckerberg, in his recent post addressed the Facebook Inc (NASDAQ:FB) fake news fight with what seems like an action plan. He wrote on his FB post on Friday that the company was taking a few steps to address the issue of misinformation, which it considers serious. The acknowledgement from the company’s owner came after the social networking site came under radar of several experts for affecting the U.S. Presidential Election results.

In his long post on the social site, Mark Zuckerberg explained how the company decides to fight the menace of fake news. He explained that people on his site were looking for meaningful stories with “accurate information.” Considering it as his personal responsibility, Zuckerberg wrote that the company has made “significant progress” in addressing this issue. However, he acknowledged that it is a long work with technical and philosophical glitch.

A woman watches a Facebook promotional video ahead of the company's IPO, in Washington on May 8, 2012. Facebook, already assured of becoming one of the most valuable US firms when it goes public later this month, now must convince investors in the next two weeks that it is worth all the hype. Top executives at the world's leading social network have kicked off their all-important road show on Wall Street -- an intense marketing drive ahead of the company's expected trading launch on the tech-heavy Nasdaq on May 18. AFP PHOTO/Mladen ANTONOV (Photo credit should read MLADEN ANTONOV/AFP/GettyImages)

Asking people’s support for the Facebook fake news fight, Zuckerberg in his post, wrote that the company has so far relied upon the community to understand the difference between false and true. But, Facebook has now found a way to penalize the rumor-spreaders.

Facebook Fake news Fight: What to Expect Ahead?

Facebook isn’t discouraging people in sharing what they believe. The portal has been a reprise for several folks across the globe, who share “what’s on their mind.”

Highlighting the course of action, Zuckerberg said, “Normally we wouldn’t share specifics, but given the importance of issue and the amount of interest in this topic, I want to outline some the projects underway.”

  • Strong Detection to classify misinformation through better technicalities
  • Easy reporting so that people could report fake stories faster
  • Facts checking through third party verification
  • Labelling stories which have been marked as false and showing “warnings” when people read them
  • Raising the bar for “related articles” that appear in News Feed
  • Checking the economics of fake news
  • Working with journalists to understand fact checking systems

Facebook stock crashed significantly, after reaching its highest in November. It opened at $115 on 5 December 2016. Saying that the Facebook fake news fight is an “important issue,” Mark Zuckerberg said that the company is committed to address the matter.

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