The Challenges of Wealth Control in Social Media

Meta has decided to abandon the use of independent fact-checkers on Facebook and Instagram in the United States, citing concerns that fact-checkers have become too politically biased. Instead, the company seems to be following X’s lead by shifting to a Community Notes-style system, where users rather than professional fact-checkers and experts correct inaccurate information. But will it lead to more free speech and fewer errors? Or does it open the door for misinformation to spread more easily? How well are social media users equipped to discern fact from fiction?