Facebook, Inc. (NASDAQ:FB) Will Introduce Tools To Prevent Fake News Stories From Spreading On Its Platform

Facebook, Inc. (NASDAQ:FB) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.58% to $119.87. Facebook Inc. (FB) declared that it will introduce tools to prevent fake news stories from spreading on its platform, an about-face in response to rising criticism that it did not do enough to combat the problem during the US presidential campaign.

The social network company stressed that the new features are part of an ongoing process to refine and test how it deals with fake news. It has faced complaints this year involving how it monitors and polices content produced by its 1.8 billion users.

Facebook said users will find it easier to flag fake articles on their News Feed as a hoax, and it will work with organizations such as fact-checking website Snopes, ABC News and the Associated Press to check the authenticity of stories. The share price of FB attracts active investors, as stock price of week volatility recorded 2.06%. The stock is going forward to its 52-week low with 34.13% and lagging behind from its 52-week high price with -10.21%.

Honeywell International Inc. (NYSE:HON) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.03% to close at $116.38 with the total traded volume of 7.63 Million shares. A subsidiary of Honeywell International has won a contract value $2.6B to manage the sprawling New Mexico-based Sandia National Laboratories weapons and research laboratory that specializes in national security, nuclear weapons and other projects deemed vital for the U.S., federal officials reported Friday.

The U.S. Energy Department’s National Nuclear Security Administration identified the winning bidder as National Technology and Engineering Solutions of Sandia, a division of Honeywell. Northrup Grumman and Universities Research Association will support the Honeywell subsidiary in managing Sandia National Laboratories . Bidding began earlier this year, marking the first time in years that there was any competition for the lucrative contract.

Lockheed Martin has operated Sandia, located in Albuquerque, for the past two decades and was among bidders that lost out to Honeywell. The firm has institutional ownership of 76.00%, while insider ownership included 0.10%. Its price to sales ratio ended at 2.26. HON attains analyst recommendation of 1.80 with week performance of 0.60%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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