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Facebook is full of bullshit because it is far quicker to share something then to fact-check it, not that anyone cares about facts anyway. A viral alarmist meme with no basis in truth will be shared more then a boring, balanced view that doesn't go all out to fight the other tribe.
But Facebook has always been full of bullshit and no-one cared until after the US election when everyone decided to pin Trump's victory on fake news. So its pretty clear that good epistemology is not the genuine concern here.
Not that I'm saying that Facebook is worse then any other social media - the problem isn't Facebook, the problem is human nature.