Mozilla is joining the fight against "fake news" with a new initiative designed to combat the spread of misinformation on the Internet, the company announced Wednesday.

In a post on its blog, the company said it is launching the Mozilla Information Trust Initiative, a four-pronged project that focuses on product, literacy, research and creative interventions.

Through the initiative, Mozilla plans to forge partnerships to develop technology combatting misinformation, invest in web literacy programs to address misinformation, research the impact misinformation has on a person's online experiences, and fund technologists who are fighting misinformation.

According to Poynter, the company plans to release later this year the results of a study of 1,500 Firefox users in the U.S. conducted during the last few months of 20216.

"The impact of misinformation on our society is one of the most divisive, fraught, and important topics of our day," Katharina Borchert, Mozilla's chief information officer, said in a post announcing the new initiative. "Misinformation depletes transparency and sows discord, erodes participation and trust, and saps the web's public benefit. In short: it makes the Internet less healthy. As a result, the Internet's ability to power democratic society suffers greatly."

Mozilla joins a handful of technology companies that are working to combat "fake news" and misinformation spread on the Internet in the wake of the 2016 election.

Last year, U.S. intelligence agencies concluded Russians used social media to spread misleading and fake stories about Hillary Clinton.

As a result, many companies, including Mozilla and Facebook, have joined forces to launch initiatives aimed at combating "fake news" and are aiming to make it easier for users to flag "fake news" stories circulating on different websites.