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Here's why Facebook might need to work faster to stop the flow of fake news

In a 5,700-word manifesto, Zuckerberg had quoted Abraham Lincoln, the US president during the country's 19th century Civil War known for his eloquence, and offered a philosophical sweep that was unusual for a business magnate.

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As Facebook CEO Mark Zuckerberg publishes his manifesto outlining the company's ongoing commitment to filter out false news and hoaxes without undermining free speech, the findings from a new study by market research and consultancy firm Parks & Associates suggest that he needs to put this manifesto into action as quickly as possible.

According to the "360 View: Digital Media & Connected Consumers" study, 29% of US broadband households now get the majority of their news via social media platforms.

"The next generation is embracing online media," said Glenn Hower, Senior Analyst, Parks Associates. "Younger consumers, many of whom are passionate about social issues, can find and spread information like wildfire through social media. This is a real problem when inaccurate or unverified reports slip through social media algorithms."

Apple's senior vice president of Internet Software and Services, Eddie Cue, said that fake news is a growing problem and that the tech commuity has a responsibility to curb its spread. "Since the vast majority of news is now being read through devices, and through services that are provided through those devices, then I do think that we all have a responsibility for it," he said.

Facebook CEO Mark Zuckerberg also declared that tackling the spread of fake news was a fundamental tenant of ensuring Facebook remains an "informed community."

"We know there is misinformation and even outright hoax content on Facebook, and we take this very seriously," he said via an in-depth Facebook post. However, he is also wary of stifling free speech, adding: "Our approach will focus less on banning misinformation, and more on surfacing additional perspectives and information, including that fact checkers dispute an item's accuracy."

However, all parties seem to agree that a strong traditional media will be a vital element of any long-term solution. "Trained journalists are necessary for reporting accurate news stories, but consumers increasingly are resistant to paying for news content," said Hower.

Zuckerberg said: "Giving people a voice is not enough without having people dedicated to uncovering new information and analyzing it. There is more we must do to support the news industry to make sure this vital social function is sustainable."

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