Earlier quoted context omitted.
You can see the effects in China where state control of the narrative, achieved in large part by oversight of companies, has made their population completely unaware of the Uighur situation. Granted, FB is a private company so the extent to which it's a concern is not as big, but given the control that FB has over information flow and the network effects of FB, similar risks are present. Think: swaying elections by p…
I think the general concern with respect to foreign ownership of U.S. firms is reasonable to discuss, but I don't see a problem with Facebook removing content from the website regardless of the owner. Regardless of who owns Facebook there is going to be some content that will be removed, same of every platform out there, I just don't see what the harm is that something is taken down from Facebook.
It's possible that the fact-checking orgs that have been chosen really are neutral but given the political power they hold in their hands, and given my experience with human beings, I still do harbor some residual concern about this. They seem like a remarkably high leverage attack vector for cynical political operatives. I probably have to do some more digging about who these fact checking orgs are before I come to a concrete opinion, however.
I will however admit that the alternative is also fraught with the exact same risk. Allowing various actors to actively spread misinformation can itself sway an election. Perhaps the best solution is to have vetting that only targets the most egregious, obviously false information, where the information that was censored (unless it is violent/pornographic/criminal), especially that which is relevant to upcoming elections, is catalogued and available for viewing by the public, simultaneously for accountability, public trust and to assuage conspiracy theorists that the vetting is political.