Anderson Cooper attends the Turner Network 2016 Upfronts in New York. Cooper will star in Facebook Watch's new news programming. Evan Agostin | Invision | AP

Don’t Call It Fake News! Facebook to Fully Fund Streaming Mainstream News Shows

By betting on content that is easily found on cable or network television — or even YouTube — Facebook may be making a miscalculation. After all, Anderson Cooper or Shepard Smith are hardly likely to be remembered as Facebook’s equivalent to the Netflix original smash hits “Stranger Things” or “Narcos.”