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Facebook has announced it will prioritise news sources deemed to be more trustworthy on its News Feed.
The firm said the social network community will determine which outlets are reliable via the use of user surveys.
Founder and chief executive Mark Zuckerberg said news content will soon make up around 4% of what appeared in people’s News Feeds – down from 5% before.
The move is the latest attempt by the company to quell the spread of so-called fake news and propaganda on the network.
Mark Zuckerberg vows to ‘fix’ Facebook
As part of that continuing battle, Twitter also announced on Friday that it had notified 677,775 US-based users who had retweeted, liked or followed Russian bot accounts on the network in the run up to the 2016 US presidential election.
The change is an attempt to shift the key judgements over bias and accuracy away from Facebook’s employees, and onto its user base.
“We could try to make that decision ourselves, but that’s not something we’re comfortable with,” Mr Zuckerberg said.
“We considered asking outside experts, which would take the decision out of our hands but would likely not solve the objectivity problem. Or we could ask you – the community – and have your feedback determine the ranking.”
Users will be asked, as they sometimes are about advertising, whether they recognise a news brand and if they trust it.
Facebook’s theory – yet to be tested on a large scale – is that while there are many partisan outlets that have readers that trust them, there is a smaller subset of media companies that a majority people find “broadly trustworthy”, whatever their particular leanings.
A growing number of them are prioritizing technology investments, which means advisors who aren’t risking falling behind the curve in productivity and quality of service. According to a recent survey by Financial Planning, zero advisors plan to cut their technology budgets and half plan to increase their spending this year.
Based on its sustained growth over the past year, the fintech industry could experience even greater growth moving into the coming year. Financial technology targets a number of areas within the financial industry, including payments and wealth management.
The 1% continues to receive flack across the globe, as income disparity is one of the hottest financial topics worldwide. Whether or not you think that criticism is deserved, there’s one thing that can’t be denied: the super-rich know how to grow their wealth.
Technology hasn’t slowed down to wait for the outdated insurance industry to catch up. Everything from self-driving cars, big data, and sharing economy platforms have tremendous potential to disrupt the industry, and we’re seeing the growing pains manifest already.
If you like risk or if you see this as a risk-on environment, then you should consider looking into high-multiple tech stocks. They tend to perform best in risk-on environments. Investors are anticipating future growth, which increases the odds of stock appreciation. That said, it’s not that simple.
Becoming a financial advisor is a challenging endeavor with many requirements. Beyond potential education courses, you may also need to become certified as a certified financial planner (CFP) or chartered financial analyst (CFA) to set yourself apart.
As a financial advisor, you’re a guardian and guide for your client’s financial well-being. But when it comes to philanthropic giving, many advisors cede that role and avoid engaging their clients on the subject. Don’t make that mistake. If you have a client inclined to philanthropy, you have a responsibility to guide them in that process.