The Week: “Left-leaning and centrist news publications get fewer clicks on Facebook if they publish false stories. But far-right publications experience the opposite, nabbing nearly twice as much Facebook engagement on stories classified as misinformation.” “The researchers at the Cybersecurity for Democracy project at New York University found that not only are far-right publications unique in that they are seemingly rewarded for posting faulty information, they are receiving by far the most engagement compared to slightly right, center, slightly left, and far-left publications in general.”
Except that Tsing Tao knows that it is such complete nonsense he in unwilling to even provide the Tweet that was the source.
Maybe sources like Twitter and Facebook shut them down about their misinformation / disinformation... These people now find a safe haven here @ Elitetrader.com for continuing to post the same bullshit here in the Political threads. ET is one of the few trading forums that has a political thread and allows such type of misinformation / disinformation under the realm of freedom of speech. Not surprising, the Political threads here are extremely popular but for how much longer especially with more and more social media sites going after those types of message posting including sponsors pulling their sponsorships. wrbtrader
Spoken like an ET troll. You guys spread so much lies and disinformation then, complain about disinformation? Look in the mirror asswipe because you can see the guy spreading the most lies and disinformation on the ET message boards, it is you ET trolls, creating numerous threads to spread lies and nothing else, day in, day out. Grow up little children.
An economic study by Tel Aviv, Israel-based cybersecurity firm CHEQ and the University of Baltimore have revealed that fake news is costing the global economy $78 billion each year. ------- The Cost of Fake News: $78 Billion Tue., Nov. 26, 2019 By Jon Gingerich Fake news articles spread over the Internet now account for an economic loss of about $78 billion a year, according to new research conducted by a University of Baltimore economist and AI and cybersecurity company CHEQ. The CHEQ report, “The Economic Cost of Bad Actors on the Internet,” commissioned University of Baltimore economist Professor Roberto Cavazos to analyze economic data across a variety sectors in an effort to determine both the direct and indirect annual monetary damage caused by websites that propagate false information. The findings suggest that fake news has resulted in annual stock market losses to the tune of about $39 billion. Consumers additionally lose about $17 billion a year due to misinformation that influenced their financial decisions, according to the study. Companies that are the subject of targeted misinformation spend about $9.5 billion a year in reputation management fees and assorted resources in an attempt to defend their reputations, and misinformation in the health world costs about $9 billion each year (the anti-vaxxer movement drives most of that cost, as does fake news surrounding climate change). The annual global cost of the fake news crisis. The study also found that businesses will lose about $3 billion each year from online platform safety efforts, and brands lose about $250 million annually from unwittingly running ads alongside fake news content that undermines their messages. Altogether, the study concludes these losses amount to a global total of about $78 billion. “So long as the ad market incentivizes the production and fake news and it remains human nature to be reactive to news, then the global economy will continue to be at severe risk of harm,” the study’s authors concludes. “The disincentives to reform point to sustained economic losses for some time.” Political races are also dramatically affected by fake news. About $400 million are spent on fake political advertisements each year, with “at least $200 million” expected to be spent on fake news in the upcoming 2020 U.S. presidential election, according to the study. The study’s authors also noted their estimates are “conservative” and reflect only basic direct costs, as “the true cost” of fake news “extends well beyond media expenditures.” https://www.odwyerpr.com/story/public/13448/2019-11-26/cost-fake-news-78-billion.html wrbtrader
it’s gotta be higher than that. I would think the confusion of fake news as it relates to Covid cost us a trillion dollars of gdp.
There will soon be a documentary on TV about financial costs, lives lost, jobs lost and many other damages from misinformation / disinformation. It's > 78 Billions dollars. I'll keep a close eye on its release on TV...hopefully it won't be on some pay view subscription service. wrbtrader