Too little, too late. Facebook did the government's bidding - right or wrong - and now they're trying to walk it back. I wonder if they're trying to get ahead of something, because why this and why now?
Also, outrageous, conspiracy-oriented, and rage-bait content has much higher engagement anyway, which is why their algorithm has historically encouraged it so heavily. Explicit misinformation falls into those categories and has been good for their bottom line and getting everyone's parents addicted to the platform