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Shareholders Press Twitter, Facebook and Google on Fake News

Social Media Illustrations
Photographer: Chris Ratcliffe/Bloomberg

Politicians aren’t the only ones demanding answers from the biggest social media companies. Shareholders are also weighing in, saying Twitter Inc., Facebook Inc. and Alphabet Inc.’s Google aren’t doing enough to combat fake news on their platforms, and it’s costing them.

A group of investors led by Arjuna Capital and the Illinois State Treasurer filed proposals with the three companies asking for “in-depth reports” about the controversies involving Russian interference on their platforms during the 2016 election and the dissemination of fake news.