It may not be optimal to its business model, but Facebook needs to acknowledge it is now a primary source for news, and it does bear a journalistic responsibility. Otherwise we will continue to see hatred and misinformation skyrocket. Facebook has an even greater responsibility to be consistent with its brand. The whole design is premised on verifiable and trustworthy content. There are plenty of gray areas where Facebook can stay out. But there are also plenty of black and white ones where staying out is an easy and financially convenient but socially harmful (and eventually brand dilutive) strategy. For Twitter, part of the reason it suffers is that it is so full of noise and fake identities that advertisers can’t monetize it as much. Sharing the below article from the Wall Street Journal.
The Wall Street Journal
Deepa Seetharaman, Jack Nicas and Nathan Olivarez-Giles