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Fake news on Facebook

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A day after Facebook said it was stepping up efforts against fake news and hoaxes, Germany announced a new law that will empower it to fine the social media giant 500,000 euros ($522,575) for every problematic post that does not vanish within 24 hours. 
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Having faced criticism from none other than the outgoing United States President Barack Obama for promoting fake news and contents on its platform, Facebook CEO Mark Zuckerberg has now announced a slew of measures to tackle this problem.
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Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the U.S. presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post Friday evening.






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