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This term is often used to refer to anything from news stories with clickbait titles; to that one article from The Onion that hit a little too close to home; to an opinion expressed by a politician your cousin on Facebook can't stand. Do these all count as "fake news"?
For the sake of this guide, we'll define "fake news" as the seven categories in the below infographic:
Source: Fake news. It's complicated. by Claire Wardle of FirstDraft.
"In its purest form, fake news is completely made up, manipulated to resemble credible journalism and attract maximum attention and, with it, advertising revenue...the definition is often expanded to include websites that circulate distorted, decontextualised or dubious information through - for example - clickbaiting headlines that don't reflect the facts of the story, or undeclared bias." - What is fake news? How to spot it and what you can do to stop it by Elle Hunt of The Guardian
"The term 'fake news' has emerged as a catch-all phrase to refer to everything from news articles that are factually incorrect to opinion pieces, parodies and sarcasm, hoaxes, rumors, memes, online abuse, and factual misstatements by public figures that are reported in otherwise accurate news pieces." - Facebook's Information and Operations report (PDF) by Jen Weedon, William Nuland, and Alex Stamos
While "fake news" is an effective descriptor for the various ways that misleading or incorrect information is presented, it's a colloquial term that carries a lot of socially-charged and politically-charged meaning. That, and it doesn't specify how the information itself is incorrect. There are other terms used to better identify this concept, and those terms are misinformation, disinformation, and malinformation.
Although both types of "fake news" are sharing incorrect information, misinformation is typically not intentionally misleading - the facts presented are, for whatever reason, just wrong. Disinformation, however, is presented in regards to a specific agenda. Its priority is to convince the viewer to subscribe to that agenda, regardless of whether or not the information it's providing is factually accurate.
To view a helpful resource related to this concept, click here to see a LibGuide created by Wayne State University.
Source: IFLA's How to Spot Fake News webpage (the infographic is also available there in multiple languages)