Cryptocurrency Litecoin saw a sudden surge in price on Monday over a press release about Walmart accepting it for payment – which turned out to be fake.
The release, published through a legitimate press channel, claimed that Walmart would accept the currency through all its digital stores.
Walmart later told US media outlets the announcement was “inauthentic”.
By that time, several major news websites and press agencies had spread the supposed news.
Facebook has a major loophole that allows nefarious users to get around its strategy to stop fake news.
The social media giant has been taking its fight against misinformation and fake news more seriously in recent years. The company has taken action against malicious accounts spreading disinformation. Its updated its policies to keep misinformation off the platform. Studies have even shown that the steps Facebook has taken are working. That’s all good news!
However, a recently discovered loophole proves that Facebook CEO Mark Zuckerberg and the rest of his company still have a lot more work to do.
Dispatches From The Front 