Notwithstanding the president
Facebook Inc’s plan to rank news sources by their trustworthiness boosted the shares of New York Times Co – one of the top winners in President Donald Trump’s “Fake News Awards.”
The publisher’s shares jumped 8.4% to US$21.90 (RM86.30), the highest price in more than a decade, after Facebook chief executive officer Mark Zuckerberg announced the plan in a post Jan 19. The social network will survey users on whether they’re familiar with a news source and whether they the trust the outlet, Zuckerberg said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
