rtmark
LearnBonds.com

Fake News On Facebook Creating ‘Dust Cloud Of Nonsense’ – Obama

Facebook Inc (NASDAQ:FB) Mark Zuckerberg

Facebook Inc ’s fake news saga has pissed off President Obama. Obama, who made an appearance at the University of Michigan on Monday in a rally for Hillary Clinton, criticized the spread of ‘crazy conspiracy theorizing’ on social networks such as Facebook. Speaking at the rally, he said, “And people, if they just repeat attacks enough, and outright lies over and over again, as long as it’s on Facebook and people can see it, as long as it is on social media, people start believing it. And it creates this dust cloud of nonsense.”

Facebook Blackberry Ltd (BBRY) Obama and Kardashian

BuzzFeed conducted an investigation recently, and found that 38% of the posts shared from three large right-wing politics pages on Facebook included ‘false or misleading information,’ and about 20% of the time, three large left-wing pages did the same.

BuzzFeed – in a follow-up investigation – found that teenagers in Macedonia used to create fake, pro-Trump news stories that quickly gained huge popularity on Facebook.

Facebook Inc fired the human editors who ran its Trending news section. This gave a spike to fake news stories surfacing on Facebook as the feature is now in complete control of an algorithm. , as soon as the social network fired the curators, a false story started trending on the platform, which said that Megyn Kelly was in big trouble at Fox News, but in reality she wasn’t.

Easier to spread fake stories on Facebook

Spreading false things on the internet is not exactly a new phenomenon, but since Facebook’s algorithm seeks to gain maximum possible shares, therefore, it has become a lot easier for blatantly made-up stories from invented publications to spread at a faster pace and to a wider area than before, notes Gizmodo.

Just last week, Facebook’s algorithm surfaced a bogus story by the non-existent Denver Guardian. As per a report in the ‘Washington Post’, a story from a fake organization called the “Association of American Physicians and Surgeons” trended on the network in September. There was also a story, which said that the September 11 attacks were a ‘controlled demolition’.

Twitter too spread fake information. BuzzFeed reported last week of the spread of tweets that appeared to show the Clinton campaign encouraging people to vote by text, which isn’t possible.

Facebook Inc says it is trying to make sure that the News Feed does not have false and misleading stories, but has not introduced any major change as yet, notes Business Insider. Obama’s statement underscores an issue that has been a problem for the social network since past many years. And, it seems that there is no obvious solution to it.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.