First Draft Coalition was formed in 2015 to create a voluntary code of practice and promote news literacy among social media users
Facebook and Twitter have signed up to a coalition of news and technology companies to tackle fake news and improve the quality of information on social media.
First Draft Coalition was formed in June 2015 and its members include the New York Times, BuzzFeed News, CNN, Washington Post and AFP.
The coalition was formed with the backing of Alphabet Inc's Google.
It said it would create a voluntary code of practice, promote news literacy among social media users, and launch a platform where members can verify questionable news stories.
The platform will be launched by the end of October, Jenni Sargent, managing director of the coalition, said in an email.
There have been growing concerns about Facebook’s role in spreading fake stories and its approach to what can and can’t be posted on its platform.
In August, Facebook increased the use of automation to select the most-talked about topics of the day for its popular "Trending" feature, as a way to reduce human bias.
Twitter in July swiftly removed posts from Islamic extremists glorifying a truck attack in Nice, France, winning a rare round of praise from watchdog groups for a platform that has often struggled to contain violent propaganda
(WION with inputs from Reuters)