Elon Musk stated on Sunday that X posts that are updated via Community Notes, the platform’s user-driven fact-checking tool, will no longer be “eligible for revenue share.”
According to what he wrote, “the goal is to maximize the incentive for accuracy over sensationalism.” Because all of the programming and data is open source, the billionaire executive added, any attempt to “weaponize Community Notes to demonetize people will be immediately obvious.”
To contribute to Community Notes, anyone can register. Contribution is offering a brief contextual note to any post by adding a crucial detail that was left out or fixing a mistake. The note or any other notes that are suggested can then be rated for helpfulness by other users with “different points of view.” The notes that rise to the top are the ones that garner the greatest consensus.
The most recent in a string of actions to improve accuracy on the platform is demonetizing users whose postings have been edited. This is especially important as X finds it difficult to keep up with the flood of false material around the Israel-Hamas conflict.
Through Community Notes, X published several improvements in mid-October to increase accuracy. A more extensive feature that notifies users whose activity has been subjected to a fact-check could incentivize people who disseminate false information to take down or edit their posts to add more context. Similarly, an update that speeds up the rating process for fact-checks could enable valuable and accurate notes to be published more quickly.
The announcement made today may slow the spread of sensationalist content that is given by authors, who stand to gain financially from participating in the reaction economy. However, this action, like the other recent changes, may also be viewed as merely a band-aid solution that won’t be able to stop the spread of false information while the Israel-Hamas conflict, the Russia-Ukraine war, and several other crises play out.
The amount of users that participate in the platform’s creative economy has not been disclosed by X, although it is contingent upon the quantity of X Premium subscribers that utilize the service. As per the data provided by Travis Brown, who has been monitoring suspensions and suspension of customers, the number of X Premium subscribers as of August was less than 950,000. X boasts more than 500 million active monthly users overall. Thus, less than 1% of all users are X Premium users. As creators are required to be Premium members, their share would probably be significantly lower.
Furthermore, we have no idea how objective the Community Notes users are. Although X claims to be a broad group, the firm has not disclosed the demographics of people who have joined up. According to a tweet made by X CEO Linda Yaccarino in October, there are already over 100,000 members across 44 nations.
To sum it up, Elon Musk‘s announcement represents a noteworthy advancement in the battle against misinformation. Any posts that include incorrect or deceptive details regarding topic X will no longer qualify for revenue sharing. This action is designed to discourage the dissemination of false information and encourage a more responsible approach to content creation. It underscores the critical significance of countering the adverse effects of inaccurate information within the digital realm.
[Source of Information: Techcrunch.com]
