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Meta Adds Dana White to Its Board, Ends Fact-Checking: What to Know

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Meta stock is lower Tuesday after the Facebook parent said it is adding UFC CEO Dana White to its board of directors and ending fact-checking on its platforms.
The article from Kiplinger discusses several key updates related to Meta Platforms, Inc. (formerly known as Facebook). Firstly, Meta has appointed Dana White, the President of UFC, to its board of directors, aiming to leverage his experience in sports entertainment to enhance its offerings in virtual and augmented reality, particularly through its Metaverse initiatives. Secondly, Meta has decided to end its third-party fact-checking program, which was part of its efforts to combat misinformation on its platforms. This decision comes amidst ongoing debates about content moderation and freedom of speech. Lastly, the article touches on the broader implications of these moves for Meta's stock performance and investor sentiment, suggesting that while the addition of White might be seen as a positive step towards diversifying its business, the cessation of fact-checking could raise concerns about the platform's approach to managing misinformation.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/meta-adds-dana-white-to-its-board-ends-fact-checking-what-to-know ]