Facebook to emphasize 'trustworthy' news via user surveys

Facebook Is Going To Let Users Rank News Credibility

However, one analyst has a very interesting reminder for Facebook stock as it relates to Zuckerberg and the News Feed overhaul announced last week.

Social networking website Facebook will give priority to news sources that are determined by the community to be trustworthy, its chief executive said Friday as he announced another update to the News Feed.

Two years ago, Facebook users saw hoaxes saying Pope Francis endorsed Republican Donald Trump for United States president and that a federal agent investigating Democrat Hillary Clinton was found dead.

Many factors determine where a post appears in a Facebook user's News Feed such as subject of the post, who wrote it and who is commenting on it.

"Wrapping too much journalism around your brand is a mistake for any platform hoping to still make it into China", Blau, president of WIRED publisher Condé Nast International, wrote in a post on Medium.

This isn't the first solution to the news problem that Facebook has tried.

It's a dramatic shift for Facebook, which has generally shied away from making judgement calls on the quality of content in lieu of letting users decide what they want to see.

Rate Disclosed By Bank Of Canada
The bank also said governor Stephen Poloz's team is closely watching the economy's ability to grow without driving up inflation. The Bank of Canada announced Wednesday that it raises its key interest rate by a quarter percentage-point to 1.25 percent.

For others like Surabaya-based Aneka Kartika Tours, for which social media is not a main communication tool, any changes to Facebook's algorithms will have minimal impacts on its customer outreach strategy, said director of operations Adjie Wahjono.

The company said it would ask its more than 2 billion users to rank the news organizations they trusted in order to prioritize "high-quality news" over less trusted sources.

Starting Monday, the company will roll out more surveys to more users, asking them to share their thoughts on various media sources. "Publications that do not score highly as trusted by the community may see a decrease", the blog post reads.

This change is separate from a recent redesign to Facebook's user news feed, which brought posts from news publications down from 5 percent to 4 percent of what users see.

The company chose to use community input to rank news sources in an attempt to be as objective as possible, Zuckerberg said.

The trust ranking will help to address fake news stories, said David Chavern, president of the News Media Alliance, a trade group for old-line USA newspapers.

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