Organization: FACTLY MEDIA & RESEARCH
Applicant: Rakesh Dubbudu
Assessor: Surekha Deepak
Edits made by the organization after this assessment
IFCN Staff wrote:
Factly is a registered for-profit entity and has multiple sources of revenue as updated in this page (https://factly.in/faqs/). Among the revenue streams are our revenue partnerships with technology companies in lieu of services offered to them. We have signed NDAs with some of them that prevent us from divulging the exact nature of partnership and the services offered. As an update to our renewal application for the IFCN CoP, here is what we are saying about our sources of revenue (since we are a for-profit)
Investment from Founders
Small Research projects on Open Data
Subscription Revenue from readers
Consulting assignments & Training on Open Data, Data Journalism
Factly receives funding (revenue) in lieu of Fact-Checking services offered, from Facebook.
Factly receives funding (revenue) in lieu of services offered, from Sharechat and Alphabet.
Note: Funding from Alphabet is not associated with Factly's participation in the open-source ClaimReview standard
Conclusion and recommendations
Surekha Deepak wrote:
The signatory has compiled with all criteria quite clearly and can be accepted.
The website is a private digital network and has been fact checking regularly over the last 3 months. They post an average of 5 stories per day. Some of the stories are posted in the regional language Telugu, and it has not been possible to read them to analyse the procedure followed.
Factly picks up stories that appear on social media and have verified and published them in an impartial manner.
All key sources are linked and identified.
Details of funding are clearly defined. Team members are clearly listed and there is a form for readers to contact the organisation.
The website explains its fact checking methodology. It’s corrections policy is defined.Though they claim they have not had to publish any corrections only updates.