Why YouTube Is Spending $25 Million to Fight Fake News

On July 9, Google’s (GOOG) YouTube announced that it planned to spend up to $25.0 million to fight fake news on its platform, which has ~1.5 billion monthly active users.YouTube said it plans to support genuine news organizations, and it announced new measures that could help flag misinformation while highlighting legitimate news sources.Facebook (FB) has been trying to fight fake news by being more transparent about its content publishers.