Zuckerberg Shoots Down Investors Calling for Transparency on Fake News - NECN

Zuckerberg Shoots Down Investors Calling for Transparency on Fake News

Instead of passing the vote, Zuckerberg -- who controls the majority of voting shares -- pointed to steps Facebook has already taken to stop the spread of fake news

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    Zuckerberg Shoots Down Investors Calling for Transparency on Fake News
    Justin Sullivan/Getty Images
    Facebook CEO Mark Zuckerberg delivers the keynote address at Facebook's F8 Developer Conference on April 18, 2017 at McEnery Convention Center in San Jose, California.

    Some shareholders called for Facebook to produce an annual report detailing what it has been doing to thwart fake news at the company's annual shareholder meeting on Thursday, NBC News reported.

    However, the idea was put to a vote that did not pass.

    Instead of passing the vote, Zuckerberg -- who controls the majority of voting shares -- pointed to steps Facebook has already taken to stop the spread of fake news.

    Facebook has tweaked its algorithm to better understand if a story is disputed, weighting it less in a user's News Feed. The company has also started working with third-party fact checking organizations to help label stories if they are disputed.

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