Facebook spearheads $14M consortium to counter fake news

Facebook, Mozilla, Craig Newmark, others launch $14 million fund to support news integrity

Situated at the City University of NY, the non-profit organisation will undergo the project at the CUNY Graduate School of Journalism, with approximately 19 key companies tied to the project.

Center for Community and Ethnic Media at CUNY Graduate School of Journalism in the U.S. But now, realizing that the epidemic ultimately undermines the site's value to its users, Facebook has announced it's heading up the New Integrity Initiative to keep fake news off the social media site.

"The initiative will address the problems of misinformation, disinformation and the opportunities the internet provides to inform the public conversation in new ways", said Facebook's Head of News Partnerships Campbell Brown in a statement.

The money accumulated will go to the research projects, as well as arranging meetings with experts in the industry.

Early participants who will host events around the world and recommend projects and research for potential funding.

The News Integrity Initiative is a global network of partners focusing on advancing news literacy and helping people make informed judgments about the news they read and share online. Some of the financial backers of the initiative include Mozilla, Facebook, and the founder of Craigslist, Craig Newmark. At that time Mark Zuckerberg was reported as saying "Personally I think the idea that fake news on Facebook, of which it's a very small amount of the content, influenced the election in any way is a pretty insane idea", according to Variety.

International Center for Journalists based in the U.S.

While there's still ample provenance of fake news, it helps that major tech companies like Google and Facebook are facilitating their own measures to stop its ascent, with the former committing to efforts in flagging false and offensive content in search results, and with the latter rolling out a "disputed" tag for known fake news.

News Literacy Project based in the U.S.

Facebook was seen by many as complicit in the rise of fake news, doing little to curb the mass sharing and buy-in from unscrupulous publications that are more interested in clicks than actual journalism. "That means standing up for trustworthy news media and learning how to spot clickbait and deceptive news".

Facebook's refusal to take any responsibility for what happened on its platform softened following a wave of criticism concerning how conspiracy-based and often purposely false information ran riot.

Just how the organisation plans to improve news literacy hasn't been explored.