Social media giants have taken action against all forms of fake news due to the rise of misinformation.

The International Fact-Checking Network, a part of the nonprofit media institute Poynter, received a $13.2 million grant from the internet giants. The Global Fact Check Fund will be funded by the grant to support a network of 135 fact-checking organizations. New initiatives to elevate information and reduce misinformation will be launched.

The fund will be up and running in 2023. This is the largest grant of its kind by both companies. The Google News initiative has invested close to $75 million in projects and partnerships in order to fight fake news.

There is a fact-checking section in the News section of the website, as well as fact-check panels on the top of the search results for specific inquiries. Hit Pause helps users identify misinformation.

One of the major conduits of online misinformation worldwide was deemed by the IFCN. COVID misinformation, other health misinformation, and political misinformation are some of the misinformation thriving on the platform. In an open letter, the nonprofit proposed a partnership with the video sharing website. The organisation has been taken up by the video sharing website.

Baybars rsek, executive director of the International Fact-Checking Network, says that the partnership with Google and YouTube is a step in the correct direction. This partnership has led to meaningful collaboration and an important step.