Sydney Business Insights
Megatrends watch
COVID-19 misinformation spread by just 12 people
The Disinformation Dozen
These 12 ‘personalities’ have a combined following of 59 million people across multiple social platforms with Facebook having the largest impact. CCDH said 65% of misleading posts and tweets came from this ‘disinformation dozen.’
The social liars
Facebook, Twitter, YouTube and Google failed to remove 95% of COVID-19 misinformation reported to them. While some platforms have subsequently removed a few of the persistent liars, and all four companies now have policies that are supposed to prevent the spread of vaccine misinformation – these are not being policed, let alone enforced.
First contact
Internet users are growing at an annual rate of 5.7 percent annually, about 700,000 new users every day. The advantages of being connected are both personal and economic. Doubtless new opportunities will emerge at pace, reaffirming the tech industry and its engagement with our lives is still in its infancy.
Bad connection
But the disadvantages of our individual connectivity at scale are also revealing themselves. The business model of tech companies with economic interests promoting engagement rather than public interest, is exposing us to fresh harms.
How just 12 people aided by attention seeking algorithms can morph an untruth into a real life public health crisis points to this megatrend accelerating. While the allure of individual empowerment via increased connectivity is a powerful inducement, users will need to develop more sophisticated understanding of the role of algorithms in curating information flows across the internet (and the presence of bad actors) within social media platforms. But ultimately the power of the tech platforms with their opaque systems can only be met with the combined force of governments regulation.
Megatrends watch: amplified individuals
Subverting
Stable
Accelerating
This update is part of our Megatrends Watch series, which tracks developments that inform our six global megatrends….
Sydney Business Insights is a University of Sydney Business School initiative aiming to provide the business community and public, including our students, alumni and partners with a deeper understanding of major issues and trends around the future of business.
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