Meaning of the word "a lie can travel halfway around the world while the truth is putting on its shoes" in English

What does "a lie can travel halfway around the world while the truth is putting on its shoes" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a lie can travel halfway around the world while the truth is putting on its shoes

US /ə laɪ kæn ˈtrævəl ˈhæfˌweɪ əˈraʊnd ðə wɜrld waɪl ðə truθ ɪz ˈpʊtɪŋ ɑn ɪts ʃuz/
UK /ə laɪ kæn ˈtrævəl ˈhɑːfˌweɪ əˈraʊnd ðə wɜːld waɪl ðə truːθ ɪz ˈpʊtɪŋ ɒn ɪts ʃuːz/
"a lie can travel halfway around the world while the truth is putting on its shoes" picture

Idiom

falsehoods and rumors spread much more quickly and easily than the truth can correct them

Example:
The fake news went viral instantly; as they say, a lie can travel halfway around the world while the truth is putting on its shoes.
By the time the company issued a correction, the rumor had ruined their reputation, proving that a lie can travel halfway around the world while the truth is putting on its shoes.