Source : Pixabay/geralt
Although both Facebook and Google is fighting the platforms’ fake news problems for a long period of time, the problem is unlikely to go away anytime soon. While it might take some time to fix the problem, investors have started to put pressure on both companies to implement several methods to fix the problems.
According to latest reports, investment firm Arjuna Capital is putting pressure on both companies to consider the impact the latest fake news problems had on their platform and how to combat the issue. This report comes before both Google and Facebook’s shareholder meeting set to be held in next one week to decide on different policies.
Although fake news problem has been a problem of internet for a long period of time, it’s not until latest US presidential election when the effects of the problems were fully understood. Facebook at the time played a pivotal role to spread the false news thanks to the social network’s large amount of users. On the other hand, these fake news sites used Google’s advertising platforms to become profitable business.
Since then, both of the companies have taken several steps to combat the problem. Few weeks earlier, Facebook’s CEO mark Zuckerberg said that the company is hiring 3,000 employees to face the problem. On the other hand, Google has blocked advertisements on these fake news sites to stop revenue. However, it’ll be worthwhile to see how both of the tech giants fight the fake news phenomenon in the coming months.