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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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SORE LOSERS: Facebook Caves into Pressure, Promises to Crack Down on ‘Fake News’ Sites

After all, it was the fake news that won the election for Trump, not the fact that the ‘real news’ from CNN and others directly caused the deaths of hundreds of thousands of people in the middle east — costing America $6 trillion and counting. It was the fake news that made Americans cast out democratic politicians out of all facets of government — the worst rout since the 1930s — reducing them to the modern version of the whig party — holding just 15 governorships.

Since the mainstream media was unable to fend off the accurate reporting and analysis online, they’ve weaponized the ghettos of the internet (Twitter, Facebook, Google) to censor sites that disagree with their narrative.

Mark Zuckerberg, big donor to the H. Clinton campaign and avid libtard, has updated us on his progress.

“Normally we wouldn’t share specifics about our work in progress, but given the importance of these issues and the amount of interest in this topic, I want to outline some of the projects we already have underway,” Zuckerberg said on Facebook. “We need to be careful not to discourage sharing of opinions or mistakenly restricting accurate content. We do not want to be arbiters of truth ourselves, but instead rely on our community and trusted third parties.”

Facebook is exploring labeling stories that have been reported as false by third parties or the community so people are warned before they read or share them, Zuckerberg said. The company also is working to make it easier for people to report fake news, and improve technical systems to better detect such articles.

Facebook is also turning outside its own organization for help. It will meet with journalists to understand how they verify information, and is exploring partnerships with third-party fact-checking organizations.

Zuckerberg also noted that fake news was becoming a big business, and said Facebook is looking for ways to disrupt the economics of it.

His remarks come just a few days after he said it was “crazy” to think that fake news on Facebook influenced the outcome of the election. He’s also said that more than 99 percent of the stories on Facebook are accurate. But the criticism of his handling of the issue mounted, and by the end of the week, even President Barack Obama was speaking about the negative effect of fake stories on social media.

“Some of these ideas will work well, and some will not,” Zuckerberg wrote. “But I want you to know that we have always taken this seriously, we understand how important the issue is for our community and we are committed to getting this right.”

source: BBG

In other words, Facebook is looking for ways to demonetize websites that publish news stories that third party organizations, most likely of a very liberal persuasion, believe to be ‘fake.’

Related: Zerohedge discussed this in length, regarding a certain ‘third party’ professor who has done the hard, laborious, task of labeling sites fake. Notice how all of the ‘fake news’ sites are suspiciously right wing? It’s also worth noting, the head of Breitbart is a chief advisor to the President of the United States — the exact opposite of ‘fake news’ — having such close proximity to the epicenter of power.

2016-11-16-fake-news-1_0

Ron Paul tweeted his own list of ‘fake news’ list.

Lastly, let’s not forget the lessons taught to us by Wikileaks. Here are the news organizations that actively colluded with the Hillary Clinton campaign.

journalists-wiki-tw

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14 comments

  1. din

    This still in: Facebook blows.

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  2. cancel19

    This crap is going to backfire on them. Instead on focusing on why their propaganda didn’t work, they instead are focusing on usurping the principles of our constitutional democracy by weaponizing “social media”, Soviet Union style. Joseph Stalin and Paul Goebbels are smiling somewhere in hell!

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  3. evilspeculator

    “We do not want to be arbiters of truth ourselves, but instead rely on our community and trusted third parties.”

    This is a common and very sneaky strategy actually. You don’t impose your own standards but relegate to some volunteer organizations which not only represent a certain agenda but also cannot be sued as they are non-profit and have no assets. So you basically externalize all culpability for the actions you take and the political agenda your corporation supports.

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  4. thegametheorist

    I thoroughly miss Saturday cinemas with le fly

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  5. ironbird

    The beginning of the end is always a tricky event. That miserable hole in the gut butthurt feeling will fade. But these fuckers will not go quietly. Possibly the old burn it all down strategy is at hand. Rational human beings know healing simply takes time.

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  6. peso trader

    Breaking: John Harwood ran a 6 minute mile yesterday. (This news has been certified REAL by the Orwell Institute of Truth)

    http://www.raptureready.com/soap2/brentner10.html

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  7. evilspeculator

    Fake News = Undesirable News

    Basically Facebook and their ‘associates’ effectively elected themselves as arbiters of truth. Anything that is incompatible with FB’s political agenda will now be labeled as ‘hate speech’ or ‘fake news’. Which is nothing but a ploy to discredit undesired voices and to effectively suppress their reach. Of course this will only further serve to polarize our society and create even more division amongst us. This is NOT how you foster constructive dialog between citizens of various political convictions. Which is how our f…ing democracy was supposed to work last time I checked.

    This is a pretty devious strategy and this whole thing reads like it could have been written by Joseph Goebbels himself. Of course if this passes then FB will in the end turn itself into nothing but a giant liberal echo chamber. And what Zuckerberg and his cronies may not understand is that bigger giants have fallen. The Internet knows no loyalty and it has a short memory, especially once you wind up falling out of favor.

    Napster says hi 😉

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  8. stockslueth

    Censorship is not cool. I will be happy to work with those who want to keep the information flow free.

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  9. toxic noodle

    Fly you are going to kill it in 2017 when your siesta is over.
    bawse.

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  10. dmfracer

    Sounds like Facebook is a short.

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  11. LP

    Doesn’t change the potential they only promote true stories telling a single preferred side. Sheep see this as them doing something, the observant see what is missing.

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