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Facebook shareholders propose reports on ‘fake news’, pay equality

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The issue of fake news came to prominence during the US presidential election last year

Shareholders have proposed that prepare a report on the threat to and from so-called spread on the social media forum, and the dangers it may pose to the company itself, according to a proxy filing made on Friday.


The proposal, which said had provided “a supporting fabricated content” on the internet, suggests the company review the issue broadly, including the extent to which it blocks fake posts, how its strategies impact and how it evaluates claims in posts.


is highly vulnerable, as promoters are spamming their way to visibility for through strategically gaming Facebook’s algorithms and publishing platform,” the proposal states.


“In light of the societal crisis generated by the explosion of and related hate speech, failure to effectively manage this issue creates public policy risk,” it said.


The issue of came to prominence during the US presidential election last year, when many inaccurate posts were widely shared on and other social media services.


has said it is tackling the problem.


It already has a program in France to use outside fact-checkers to combat in users’ feeds and suspended 30,000 accounts in France on Thursday, ahead of the country’s presidential election.


Separately, shareholders also proposed a gender pay equality report be prepared by December.


The proposal recommends the company disclose the percentage pay gap between male and female employees across race and ethnicity, policies taken to address the gap, the methodology used to take those measures, and targets that could be set to reduce the gap.

Facebook shareholders propose reports on ‘fake news’, pay equality

The issue of fake news came to prominence during the US presidential election last year

The issue of fake news came to prominence during the US presidential election last year

Shareholders have proposed that prepare a report on the threat to and from so-called spread on the social media forum, and the dangers it may pose to the company itself, according to a proxy filing made on Friday.


The proposal, which said had provided “a supporting fabricated content” on the internet, suggests the company review the issue broadly, including the extent to which it blocks fake posts, how its strategies impact and how it evaluates claims in posts.


is highly vulnerable, as promoters are spamming their way to visibility for through strategically gaming Facebook’s algorithms and publishing platform,” the proposal states.


“In light of the societal crisis generated by the explosion of and related hate speech, failure to effectively manage this issue creates public policy risk,” it said.


The issue of came to prominence during the US presidential election last year, when many inaccurate posts were widely shared on and other social media services.


has said it is tackling the problem.


It already has a program in France to use outside fact-checkers to combat in users’ feeds and suspended 30,000 accounts in France on Thursday, ahead of the country’s presidential election.


Separately, shareholders also proposed a gender pay equality report be prepared by December.


The proposal recommends the company disclose the percentage pay gap between male and female employees across race and ethnicity, policies taken to address the gap, the methodology used to take those measures, and targets that could be set to reduce the gap.


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Sangameswaran S | Reuters

Business Standard

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