Facebook Spending Millions To Make You Trust News Again

Facebook Spending Millions To Make You Trust News Again

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The projects will be administered by and housed at the CUNY Graduate School of Journalism.

"As part of the Facebook Journalism Project, we want to give people the tools necessary to be discerning about the information they see online", Brown said.

Others who backed the initiative include the Craig Newmark Philanthropic Fund, the Ford Foundation, the Democracy Fund, the John S. and James L. Knight Foundation, the Tow Foundation, AppNexus, and Betaworks. Facebook recently launched a journalism initiative that included an outreach campaign to newsrooms across the US, and its participation in this project marks its latest contribution to the news industry since a tide of fraudulent stories inundated its platform during the run-up to the 2016 election. The money will be invested in the News Integrity Initiative with the goal of increasing trust in journalism worldwide while also "better informing the public conversation".

In a press release, the News Integrity Initiative said the mission is to advance the public's news literacy.

The tech juggernaut is teaming up with the likes of web browser Mozilla, Craig Newmark of Craigslist, and several nonprofits and universities to address the problem of misleading or outright false news in the age of social media.

Facebook found itself challenged during the 2016 elections, with Facebook contractors charging that the company manipulated its news feeds, reflecting anti-conservative bias.

Initially, a total of 19 organisations as well as a number of individuals from around the globe will unite to ensure that journalism is more informative and also to assist the consumers of news to better understand it. Since then, the company has taken baby steps toward being a more active participant in the news, including a new "Facebook Journalism Project" and a "listening tour" with local media.

Facebook, which introduced its News Integrity Initiative on April 3, led the way.

Recent polls have revealed that the public's trust in the news industry has significantly eroded, reports CNBC.

The venture will help news publishers reach new subscribers, including a partnership with German publisher Bild, as well as the Washington Post, Fox News, El País and the Hindustan Times, among others, to develop ways to show more news to their readers. In December, it said it would start flagging fake news and would hire fact checkers and its users to detect false news reports.

  • Terrell Bush