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Fake news is an existential crisis for social media [TechCrunch Blog]

FACEBOOK (FB)  More Company Research Source: TechCrunch Blog
Last facebook earnings: 7/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF The funny thing about fake news is how mind-numbingly boring it can be. Not the fakes themselves — they’re constructed to be catnip clickbait to stoke the fires of rage of their intended targets. Be they gun owners. People of color. Racists. Republican voters. And so on. The really tedious stuff is all the also incomplete, equally self-serving pronouncements that surround ‘fake news’. Some very visibly, a lot a lot less so. Such as Russia painting the election interference narrative as a “fantasy” or a “fairytale” — even now, when presented with a 37-page indictment detailing what Kremlin agents got up to (including on US soil). Or Trump continuing to bluster that Russian-generated fake news is itself “fake news”. And, indeed, the social media firms themselves, whose platforms have been the unwitting conduits for lots of this stuff, shaping the data they release about it — in what can look suspiciously like an attempt to downplay the significance and impact of m [Read more]

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