8 months ago
Hate this headline.
What person, organization, or government can GUARANTEE their actions are good for democracy?
Anything or process can be corrupted. The right to vote can be corrupted (gerrymandering, all-white primaries (in USA), etc.)
We are in the infant stages of Internet social media. Don't expect to get it all right instantly (or the first couple of times around the block).
Continuous evaluation and introspection should be the norm. Identify mistakes or abuses. Attempt a fix. RINSE AND REPEAT.
And, oh yes, avoid ridiculous headlines such as above.
8 months agoHow-to BlogTrafficGuru
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8 months ago
Everyone needs to understand the built-in conflict of interest that these social media companies face in the free-market environment.
Since I worked on Wall Street (on the retail side) I am acutely aware of the need for social media companies to be able to attract financing (initially, mainly equity financing).
In addition, these companies sometimes use their stock to make strategic acquisitions.
In order to achieve these two objectives the companies need to show that they are growing. But, what if part of that "growth" is a result of fake bot accounts???
Another measure that Wall Street uses to evaluate social media companies is the level of "engagement", which is often measured in terms of "active users per month".
Since bots are automated and have a "high frequency of use" the social media companies hurt themselves when they expose, suspend, or cancel these accounts.
So, the "growth rate" and "active users per month" metrics are diminished if these companies develop and maintain a strict surveillance and control over these bot accounts.
Diminished metrics mean lower stock prices. Lower stock prices hurts the ability to make strategic acquisitions with elevated stock values.
Dealing with bot accounts is not an easy problem to resolve, and the incentive to resolve" is inherently conflicted.
8 months ago
QUESTIONS! How does Facebook intend to prevent "bot Accounts" from voting in the ranking process and affect the trustworthiness of news organizations?
Many Internet marketers have hundreds/thousands of accounts on Facebook (and other social media sites). Are these accounts much more likely to vote than the general public (thus, skewing the results)?
How about those Russian accounts set up to influence the American election?
This process sounds like it is primed to be abused and distorted. Hope I'm wrong.
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