I should probably google to see what this refers to instead of going off half-cocked, but here's a phrase that concerns me:
"...which notified users when they interacted with content that was later labeled false by Facebook’s fact-checking partners ..."
I'm fairly confident that thinking of Facebook or its many competitors as
monopolies is misguided.
But if "Facebook's fact-checking partners" refers to a small group used not only by Facebook but also by all of the other major social media companies, that gets a lot closer to needing some antitrust scrutiny.
I think it's a good idea for Facebook to have its own fact-checking department. If they don't want to bear the PR burden of that, okay, outsourcing it to an independent contractor seems fine, I guess.
But if all the social media companies use the same fact-checking independent contractor, that seems terrible. That gives the fact-checker way too much influence.
Facebook should have to compete with Twitter et al. on the basis of their fact-checking. They shouldn't collude with each other, explicitly or implicitly.
If Facebook's fact-checking is dumb, Facebook should lose market-share to Twitter. And vice versa. They shouldn't use the same service.
If I ran Facebook, I'd employ my own fact-checking department. Since my fact-checkers wouldn't be privy to the sources used by publishers, it'd be hard to second-guess whether, in some particular case, the publisher followed its own journalistic standards. I'd probably assume that publishers do follow their own standards until a given publisher proves otherwise. So instead of doing fact-checking article-by-article, I'd probably go publisher-by-publisher to determine who's white-listed and who's black-listed based on whether their self-proclaimed journalistic standards meet my criteria. On that basis, the Wall Street Journal would pretty likely be in, and Infowars would pretty likely be out.
It would trickier to try to figure out who's really sticking to their public-facing standards and who isn't.
The fact that it's tricky is what makes it important for different social media companies to compete on that basis, rather than all subscribing to the same service. A lack of competition is a recipe for repeated mistakes.
This is all complicated by the fact that
competent fact-checking may not be rewarded in the marketplace. A lot of social media users don't
want their info-sharing habits to be constrained by good epistemic practices.
I don't know what to do about that. Often, the solution to a market failure is government regulation. But government regulation is probably the worst possible response to concerns about which information should be allowed to be published. So if best fact-checking practices are contrary to what the market demands, I'm at a loss about how that can be fixed.
(This post refers to moderation regarding the sharing of articles, not to content originating from users themselves.)