Source: Capital FM

For Facebook – the social media giant that has been facing censure and criticism from all over the world for not being able to control fake news from spreading – eliminating false stories from its network has become its main priority. During the 2017 U.S. Presidential election, the social networking site faced most censure for spreading false news and favoring liberal content over more traditional news.

 Facebook’s Journalism Project is brought to curb fake news

The advertisers have not yet removed ads from the social media giant but Google has been facing those problems. The angry and unhappy advertisers have started retreating from Alphabet Inc.’s Google and its video streaming service ‘YouTube’ due to the placement of their ads with controversial content. Recently, however, the social media giant as well as the internet giant were warned by Martin Sorrell, the CEO of advertising company WPP Group, to have the responsibility to ensure that the news shared on their networks are not fake or the tech companies can risk losing ad dollars.

The Journalism Project is at the center of the social media giant’s war against Fake news. The Journalism Project was launched by the social networking site at the start of this year with the aim of creating a better news ecosystem on the social media platform. The tech company said that it will promote literacy as part of this project and will develop additional tools to battle fake news.

Also, recently, the tech giant began rolling out some of the initiative of the program, with one of the best being the “disputed tag” that can be seen alongside stories on the News Feed of the tech giant. If a user reports a news story as false and if he is actually right, then the story will be tagged disputed.

Facebook depends on third parties for reducing false stories

The tech company is depending on non-partisan third parties to find out if a news story that is flagged by a user is factual or fake. The social media giant has also invested its money to work and has joined the “News Integrity Initiative.” This initiative is actually a $14 million fund which includes the City University of New York (CUNY), the social media giant and Mozilla as participants.

According to a report by Investopedia, “The projects will be administered by and housed at the CUNY Graduate School of Journalism.” The tech company has declined to comment on the matter.

“False news and hoaxes are harmful to our community and make the world less informed. All of us have a responsibility to curb the spread of false news,” said Adam Mosseri, vice president of Facebook News Feed, in a blog post.