Facebook, Twitter join network to tackle fake news
- Wall Street falls with financials, other post-election gainers
- The FTC Confirms Antitrust Charges Against Qualcomm (QCOM) for Monopolizing Semiconductor Device Used in Cell Phones
- United Airlines (UAL) Tops Q4 EPS by 5c
- Obama shortens sentence of Manning, who gave secrets to WikiLeaks
- After-Hours Stock Movers 01/17: (SHLO) Higher; (GIMO) (AFAM) (CSX) Lower (more...)
A picture shows the Facebook logo on a beach chair at the Facebook office in Berlin, Germany, August 29, 2016. REUTERS/Stefanie Loos
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
By Angela Moon
NEW YORK (Reuters) - Facebook Inc and Twitter Inc have joined a network of over 30 news and technology companies to tackle fake news and improve the quality of information on social media, the group said on Tuesday.
First Draft Coalition, formed in June 2015 with the backing of Alphabet Inc's Google, said it would create a voluntary code of practice, promote news literacy among social media users, and launch a platform where members can verify questionable news stories.
The platform will be launched by the end of October, Jenni Sargent, managing director of the coalition, said in an email.
Members of the group include the New York Times, Washington Post, BuzzFeed News, Agence France-Presse and CNN.
Facebook, the world's largest social media network with about 1.7 billion users each month, has been criticized for its role in spreading fake stories and misinformation. Twitter, with about 140 million daily users, plays a crucial role in breaking news and disseminating eyewitness content.
In August, Facebook increased the use of automation to select the most-talked about topics of the day for its popular "Trending" feature, as a way to reduce human bias.
Twitter in July swiftly removed posts from Islamic extremists glorifying a truck attack in Nice, France, winning a rare round of praise from watchdog groups for a platform that has often struggled to contain violent propaganda.
(Reporting by Angela Moon; Editing by Richard Chang)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Raymond James Upgrades Facebook (FB) to Strong Buy on Positive Checks, Attractive Risk/Reward
- OIC envoy calls for U.N. intervention to avoid genocide of Rohingya Muslims
- Xi says world needs China, U.S. to have stable relationship
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!