On Monday, Facebook Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOGL) and a bunch of news organizations started an program to cope with fake news stories in France, with the media in the limelight as the country’s presidential election comes near. Social media giant Facebook reported that it would work with different leading French news organizations, consisting Agence France-Presse, BFM TV, and newspapers L’Express and Le Monde to make sure that false news items were not published on its platform.
Shares of Facebook (FB) shows slightly upward movement of 0.35% on last seen in latest trading session; while Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) pretends sluggish faction, it inched down 0.35% in similar session and time.
Google also reported that it was part of the plan, named “Cross Check” by the partners. Facebook Inc (NASDAQ:FB) has witnessed criticism that it did not do sufficient to stop fake information being reposted on its platform through last year’s U.S presidential campaign, and in reply has arranged measures to try to cope with the issue. There have been same issues that people could circulate fake information on Facebook in the upsurge to the French election, which is happening in April and May.
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Ever wondered how your favorite politician lost the elections while he was winning on every front on a Social Media Site? That’s because you have been paying attention and money to the fake news writers all along. Things are about to get change as tech titans including Facebook, Google and few more have joined hands to cope with fake news; Sounds more like Social Avengers; isn’t it?
In the United States, Facebook has reported users would henceforth find it easier to flag fake articles as a prank, and further stated that it would joined hands with organizations like fact-checking website Snopes, ABC News and the Associated Press to discover the genuineness of stories.
Snapchat Vs Facbook (FB) and Twitter (TWTR)
There is more to come in social media arena as the initial-public-offering filing by Snap Inc. has spurred plenty of attention, as one of the biggest technology IPOs in years and an offering that could worth the firm at almost $25 billion. Due to its social messaging app, Snapchat, and huge valuation, the firm (SNAP), has gained comparisons to the IPOs of Facebook and Twitter.
And in its road show, Snap declared that it was the next Facebook, not Twitter, as per reported by the Wall Street Journal, but following it disclosed huge net losses, investors and experts are not so confident. “It is alarming, as people got blazed with Twitter,” Santosh Rao stated, head of research at Manhattan Venture Partners.