Facebook plans news service launch in UK, India, Brazil

(Reuters) - Facebook Inc said on Tuesday it plans to launch its news service in the United Kingdom, Germany, France, India and Brazil in the coming months, after having introduced the feature in the United States last year.

The social media giant's news service currently pays U.S. publishers for content and has original reporting from more than 200 outlets, including thousands of local news organizations.

Facebook, which has 2.7 billion monthly active users, has come under fire for its lax approach to fake news reports and disinformation campaigns, which many believe affected the outcome of the 2016 presidential election, won by Donald Trump.

Following the criticism, Chief Executive Officer Mark Zuckerberg had said the company would prioritize "trustworthy" news in its feed by identifying high-quality outlets.

(Reporting by Akanksha Rana in Bengaluru; Editing by Ramakrishnan M.)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BofA maintains underperform ratings on six BDC stocks
• UBS says bull market has further to run
• Barclays upgrades American Tower and Crown Castle on valuation, growth catalysts