Good

But even yesterday I reported a story and corresponding page as "hate speech" (It was not exactly that, but it was a heavily misrepresentation of facts with the intention of hate speech/bigotry) for fb to return my report as "does not violate standards" OKAY THEN

But yeah, allowing things to be flagged as fake news will make things better

Censorship is never a good thing. The 4 groups they picked are all hyper partisan.

They're ideological. Not partisan. The reason they seem to be leaning towards one party is due to the lack of choices in the two party system of the US.

I don't feel sorry for the censorship of fake and/or misrepresenting stories

But then again, the problem with censorship is the abuse that often happens

The AP is multinational by design and revenue, Snopes is multinational through revenue, the other three are US centric, all five are US based.

I presume this is a bone thrown to those upset and there is no real intention to solve the fake news issue - if there was there would be real international involvement and incentivisation.

Very easy. Ignore user reports, because it will only lead to abuse. And wait for court orders to take down links, articles or infringing statements. As everyone else does. Don't give up on free speech.