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Barry Ritholtz

Facebook Didn't Tilt the Election

The social network's news feed spreads fake news. But that changed few, if any, minds.
Don’t blame him.

Dont blame him.

Photographer: David Paul Morris/Bloomberg

Mark Zuckerberg, co-founder and chief executive officer of Facebook Inc., finds himself in some hot water. His company is being blamed (or credited, depending upon your point of view) for Donald Trump’s election because its algorithms facilitated the circulation of misleading or false news stories. 

This controversy is misdirected: it should be less about Facebook’s algorithms and more about human cognitive issues. Here is yet another lesson for investors. This will be our third and likely final extrapolation from the presidential election; earlier discussions looked at hindsight bias and fabricated narratives