Facebook shareholders demand report on fake news threat
Shareholders have proposed that Facebook Inc. prepare a report on the threat fake news spread on the social media poses to democracy and free speech, PREMIUM TIMES has learnt. According to a proxy filing made on Friday, which its board of directors have recommended a vote against, the shareholders also want the report to look into the dangers fake news may pose to the company itself. The proposal, which suggests the company review the issue broadly, said Facebook had provided “a financial mechanism supporting fabricated content” on the internet. Reuters news agency reports, Saturday, that it also includes the extent to which it blocks fake posts, how its strategies impact free speech and how it evaluates claims in posts. According to the proposal, “Facebook is highly vulnerable, as fake news promoters are spamming their way to visibility for fake news through strategically gaming Facebook’s algorithms and publishing platform.” It added that, “In light of the societal crisis generated ...