[🚨Event Announcement🚨] As Director of the @mit_ide (and on behalf of our amazing team) I'm so proud to announce the launch of The First Social Media Summit at MIT (SMS@MIT)! #SMSMIT
SMS@MIT brings together the world’s leading thinkers on social technology to examine the impact of social media on our democracies, our economies, and our public health — with a vision to craft meaningful *solutions* to the social media crisis. 2/
The Summit is a FREE virtual event that will take place on April 22nd, 2021, live streamed from @MIT around the world. Register for FREE now to reserve your spot!👇 3/ eventbrite.com/e/the-social-m…
The purpose of the Summit is to understand the impact of social media, revisit public policy frameworks that will best govern this impact, and craft an agenda to achieve the promise of social media and avoid its peril.
It includes expert panels on key topics (read on👇) 4/
Panel 1: "Rescuing Truth" addresses the spread of misinformation, conspiracy theories, cyberwarfare & social media manipulation - from conspiracy cults to political & economic terrorism - & their solutions. 5/
Panel 2: "Ensuring Transparency" addresses platform transparency & choice. We need transparency, but #CambridgeAnalytica began w/ @Facebook sharing data. So, how do we achieve transparency & security simultaneously? 6/
At lunch we'll Fireside Chat w/ @nick_clegg, VP for Global Affairs & Communications @Facebook, to discuss how they are addressing misinformation, content moderation, transparency, regulation & how social platforms can steer toward their promise & away from our peril. 7/
Panel 3: "Reviving Competition" addresses how to revive competition in a social media economy governed by network effects, including antitrust, interoperability, data & network portability, & merger oversight. 8/
Panel 4: "Humanizing Design" addresses how social media & algorithms perpetuate bias, amplify hate & harm, & polarize us. Should platforms be liable for product safety? How can we humanize social media’s design? 9/
Panel 5: "Enlightening Business Models" addresses whether the attention economy inevitably leads to the spread of falsity, hate & polarization? Or if can it be adjusted to align shareholder value with society’s values. 10/
Panel 6: "Restoring Speech" addresses how we draw the lines between free & harmful speech & who should draw those lines? Should we repeal or reform #Section230? How we can restore speech while minimizing its harm? 11/
It'll be my job to moderate this amazing day (I'm already prepping). My perspective, for better or worse, draws on my research & entrepreneurship, much of which is described in my recent book The Hype Machine, about how social media disrupts our world. 12/ sinanaral.io/books
Our job, at the @mit_ide is to bring rigorous science to bear on the world's most pressing challenges. We've been working tirelessly on #COVID, Fake News, Inequality, and of course the social media crisis. See what we're up to and get in touch here👇! 13/
[#GameStop Thread] This week, social media coordination created a spike in the @GameStop stock that rose over 1700% as retail investors coordinated over information on @reddit and other social media to pump the stock. 1/8
Millions of small investors, egged on by social media, employed a classic Wall Street tactic to put the squeeze — on Wall Street, especially short sellers. 2/8
I covered this possibility in detail in my book The Hype Machine 👇. In Chapter 2 "The End of Reality" I discussed how social media memes could be used to inflate stock prices and cause bubbles. 3/8
[🚨 The Splinternet Manifests🚨] We are now witnessing the factionalization of our information ecosystem in real time. Our human network is being torn apart, into two polarized tribes, as a result of the violence that took place at the Capital on Wednesday... A few thoughts: 1/
Then, @Twitter followed suit. But, since it acted late, had to justify its decision based on two of his more innocuous tweets, whereas his earlier content had been more incendiary (see:
On 10/26 I predicted a version of what is unfolding in the Capital today. I wasn't alone. Scientists & experts have warned for months (years) of the powder keg brewing in our information ecosystem. How does this happen & how can we stop it? Read on👇🏽link.medium.com/maKhkqBRPcb
"Research shows that “rumors form an essential part of the riot process.” They mobilize ordinary people to do what they would not normally do. They stoke violence through fear. They commit protestors to a line of action they would not normally take and can’t easily retreat from."
For those of you who like to sample before you buy, here is a sneak peak at the book in 12 acts 1/
[Chapter 1] opens with the annexation of Crimea as a leading example of the geopolitical impact of the New Social Age. It provides new evidence on the role of social media in the Crimean annexation - the first forceful redrawing of European borders since WWII. 2/
[Chapter 2] traces the Rise of Fake News all the way to the End of Reality, covering its impact on elections & democracy, business & markets and our public health like #Covid_19. It covers the science of fake news and the implications of the rise cheap, ubiquitous #deepfakes 3/
I think this is one of the main entry points into the debate: Regardless of levels there's a debate about the marginal effect of technology which is largely on the side of narrowing consumption deeply (within) and broadly (across) choice areas 1/t
Then there's the question about the impact of a marginal change: levels data suggests narrow consumption is not the norm, but what do marginal changes in consumption do to beliefs and behaviors (that's largely unknown) 2/
I think the argument that there are large swaths of society that only consume narrowly and don't overlap and that technology caused that is wrong but is also a straw man 3/
[🚨New Paper🚨] Published today in Management Science @INFORMS with @dhillon_p on "Digital Paywall Design."
We collaborated with the @nytimes to analyze a natural experiment on how "digital paywall design" impacts publishers' subscription rates and revenues. 1/
The study tracked the browsing behavior of 177M unique visitors who accumulated over 777M page views, from which we constructed a 30M person quasi-experimental panel over the 7-month study. 2/
We used a quasi-experiment to track how changes to the @nytimes paywall design affected content consumption, subscriptions and revenues. 3/