Last Wednesday Mark Zuckerberg, founder of Meta, the company that owns Facebook, announced sweeping changes to the company’s online content moderation policies. This controversial move is likely to prove harmful to the company’s profitability in the long term.

In effect, Zuckerberg, whose $1.3-trillion company owns the Facebook, WhatsApp, Instagram and Snapchat social media platforms, has removed professional fact-checking. Fact-checking will be replaced by “community notes”, an unprofessional service that adds comments from readers/users...

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