The rise of fake news in social media

If you use Facebook lately, you will notice a lot of the stories are not 'so true'. There are tons of websites and blogs that publishes news article that are either retrofitted to their liking and not what the news is about. 

Some of the 'not so true' stories just like this 'Fake News' And How The Washington Post Rewrote Its Story On Russian Hacking Of The Power Grid. It turns out that the narrative is false. This is from Washington Post which some of us will take it as-is without hesitation in mind. 

Most people today either uses Facebook and twitter and other social media for their news feeds and what is happening around. Mostly the articles there in Facebook are composed of blogs and news bits that are 'not worthy' to read. Some are just driving the traffic to their websites so the ad revenues will go high. So in order to do this, the people behind fake news sensationalize the story by either adding up their opinion on the matters or just adding up stories to suit the readers that they want to cater. 

This phenomenon is not new. It was also the problem during the early days of the news paper where sensationalized stories are 'in' to drive up the sale of the paper. same thing goes online now - the only difference is - you don't need printing press to publish your story out there.

So how are we going to combat the fake news if even the known names in publishing industry also fell for it? Like Facebook which implement a third-party verification thru Poynter. As pointed out in FB - "Spammers make money by masquerading as well-known news organizations, and posting hoaxes that get people to visit to their sites, which are often mostly ads."  - just to drive the clicks to their websites for revenue. BUT just like the stories of "email forwarding to 50 people", this problem will be there as long as the readers are there. Maybe the ads are to blame? the way Google, Facebook and others set up monetary incentives to click ads are to blame? People will not come up with this idea of setting up fake news sites in the first place if it's not for the money (at least most of them are)

China and Company

Have you check China lately?

In regards to tech industries in the land of Kung Fu, names like Baidu emerges in the news. Baidu is the largest search engine in China (after Google left the mainland from the pressure of the government regarding censorship).
Now Huawei is emerging after the government and state media is pounding Apple regarding the products it offers to its citizen.

It is so obvious that the model China want in their country is the model of business the USA has. In the US, the likes of IBM, HP, Apple, Google, Microsoft are all American companies working and serving mostly American - so the Chinese leaders thought - why don't we kick out all non-Chinese company inside China? Pressure them to quit business here and let's make our own Chinese version of that company we just kicked? In that case all the profit and all the money will be inside the borders.

What industry will be the next?
Your thoughts?