Nice synopsis here of the president of facebook hoax that was bought hook/line/sinker by huge swaths of the French media. Let's not pick on the French press too much; the media in general can be pretty susceptible to hoaxes, especially ones fronted by presentable and articulate people.
It strikes me there often are some common elements about why a hoax gets traction in the media.
- It has numbers or statistics - reporters in general do not do well with numbers. For the record, neither do PR people, in general. :)
- It tracks a trend - in this case social media - that is buzzworthy, not super well understood (see coverage of Second Life as other example).
- The snowball effect happens quickly (aka the fear of being scooped is alive and well).
I'm sort of surprised that Facebook didn't jump on this sooner...
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