NEW YORK (TheStreet) -- Over a billion people use Facebook's  (FB)  site on a daily basis. So when reports surfaced of fake news stories on the site, it made headlines.

While some have called for the social media giant to take a bigger role in policing the information posted on its site, Jessicea Lessin, editor-in-chief of The Information, isn't buying it.

In a New York Times op-ed piece she wrote, "I simply don't trust Facebook, or any one company, with the responsibility for determining what is true."

She told CNBC Tuesday that misinformation on Facebook "is a huge problem. I was frankly pretty shocked at how many commentators have reached the conclusion that the answer is Facebook hiring journalists, and editors and fact checking.'

Allowing the public to believe Facebook is fact checking the information on its site could be "very dangerous."

"I think one thing Facebook has to do is to try to get these totally fake news reports, that proliferated during the election, off the site," Lessin said. But, "I don't think you can win with human editors."

She said using technology, metadata and users flagging posts, Facebook could cut down on the influx of misinformation.

"But there is a lot of a gray area in what is true these days," she noted. "Everyday misinformation is being reported, and is it Facebook's responsibility to fact check that information? There is no way they can do it."

Facebook "is only one part" of the overall problem, she added.

Shares of Facebook were up over 1% Tuesday.

(Facebook stock is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of Cramer's holdings with a free trial.)

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Facebook as a Buy with a ratings score of A-. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. The team feels its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

You can view the full analysis from the report here: FB


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