Meta's Latest Move - Fact-Checking Feature on Threads Ahead of Major Elections
Portfolio Pulse from Anusuya Lahiri
Meta Platforms, Inc (NASDAQ:META) is launching a fact-checking feature on Threads to combat misinformation ahead of major elections in the U.S. and India. Instagram head Adam Mosseri announced that Threads will use fact-check ratings from Facebook and Instagram and plans to allow fact-checkers to rate misinformation directly on Threads. A new feature will let U.S. users adjust the visibility of fact-checked posts. Threads, which has historically not emphasized news content, will now engage more with news content by introducing tags and trending topics. Details about the fact-checking program are still pending. META shares are trading lower by 0.16% at $333.70 in premarket trading.
December 13, 2023 | 12:45 pm
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Meta Platforms, Inc is introducing a fact-checking feature on Threads to address misinformation, especially during election times, and allowing users to adjust the visibility of these posts.
The introduction of a fact-checking feature on Threads by Meta is a proactive step towards enhancing the platform's credibility and user trust, especially during sensitive times like elections. This could be seen positively by investors who value corporate responsibility and efforts to combat misinformation. However, as the details of the program are still pending and Threads has not been a major news platform historically, the immediate impact on the stock price is likely to be neutral. The slight premarket decline in META shares suggests that the market has not reacted strongly to this news.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100