Facebook: We were 'far too slow to recognise' election interference and fake news

"I wish I could guarantee that the positives are destined to outweigh the negatives, but I can’t," said product manager Samidh Chakrabarti.

Facebook has admitted it was "far too slow to recognise" Russian election interference and the spread of fake news on the social networking site.

In a blog post on social networks and their influence, product manager Samidh Chakrabarti said that at its worst social media "allows people to spread misinformation and corrode democracy".