'Fake news'

EBay founder commits $100 million to combat 'fake news'

His philanthropic investment firm, Omidyar Network, announced Tuesday a $100 million commitment to address some of the causes of what the firm describes as the "global trust deficit."

Recent events like Brexit, the impeachment of Brazil's President Rousseff and the U.S. presidential election have eroded the public's trust in institutions, experts and the media, Omidyar Network said.