Facebook Inc (FB) Gears Up to Cut Down News Feed Hoaxes, Social Network Goes on Hiring Spree

After considering the potential of quick distribution of hoaxes on its social network, Facebook Inc (NASDAQ:FB) is all set to tighten up its grip over false news stories. The tech company has introduced an option to mark any particular post as false news and depending upon the maximum user feedback, such posts will get limited distribution. At the same time, the company is ready to increase its work force with over 1,100 new job openings.

According to a blog post from Erich Owens, software engineer, and Udi Weinsberg, research scientist, the company is trying to restrict fake news from spreading like wildfire on its 1.35 billion-members’ network. The company will not filter its news feeds but rather use an algorithm to do the job.

While talking about the update, Facebook Inc (NASDAQ:FB) added,

“Today’s update to News Feed reduces the distribution of posts that people have reported as hoaxes and adds an annotation to posts that have received many of these types of reports to warn others on Facebook. We are not removing stories people report as false and we are not reviewing content and making a determination on its accuracy.”

Facebook (FB)

This is a crucial initiative from the company considering the fact that over 30 percent of the adults in the U.S. consume news on Facebook every day.

Earlier, the recent quarterly results of Facebook Inc (NASDAQ:FB) announcing heightened capital spending drew skepticism from its investors but the company did not seem to be concerned about that. The corporate website of the social network enlists over 1,159 jobs with majority of openings in advertising sales. One of interesting facts to consider includes 52 new job openings in the Oculus virtual reality unit indicating more attention towards innovative products and technologies. The Menlo Park headquarters of the company will consume up to 550 new employees by the end of this hiring round.

This article has been written by Prakash Pandey.

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