The global state of fake news in 5 charts
It has been an interesting start to the new year. Donald Trump is president, and fake news is a widely discussed phenomenon.
Although the exact definition of “fake news” has been severely distorted as people (including Trump himself) have hurled the term as an insult toward anyone they simply disagree with, data show that it remains a popular topic internationally. Since the presidential election, coverage of fake news has increased as reporters tried to explain why people who primarily got their news through social platforms couldn’t tell when they were sharing false stories, and how automated ad buying enabled the fake-news ecosystem.
“As reporters uncovered the sources of many of the fake-news stories, the global nature of programmatic selling and buying was revealed,” said Forrester analyst Susan Bidel.
For a few months the press has extensively covered fake news. Brandwatch found that since the beginning of October, there have been about 54,000 stories with “fake news” in the headline. As the chart below shows, the stories began coming out in waves after the election.
A MediaMath spokesperson said that awareness of fake news increased around the election because fake news was pushed out to confuse voters and influence the outcome of the election, when previously fake news had been relegated to fringe websites and distributed in lower quantity.
The press coverage of fake news has extended beyond U.S. borders. Brandwatch data track only activity in English. But outside the U.S., there were about 10,000 stories with “fake news” in the headline since October. The U.K. had the most stories, with about 2,000.
“This is a global issue,” Bidel said. “Fake news will be a problem wherever fake-news generators can make money.”
Despite all the reports of people being fooled by false stories, a recent Pew report showed the majority of respondents were confident in their ability to detect fake news. But that confidence is often misplaced.
There is plenty of blame to go around when it comes to misleading content. But the role of social media in facilitating the spread of misinformation cannot be overlooked. As BuzzFeed reported, bogus stories were shared more frequently after Facebook altered its algorithm to emphasize friends’ posts over publishers’.
Even more damning, a survey from BuzzFeed and Ipsos Public Affairs found that people who use Facebook as their primary news source believed false headlines 83 percent of the time. After initially denying its role in the problem, Facebook addressed it by sponsoring fact-checking initiatives, hiring a media liaison and banning fraudulent websites from its ad network. But that hasn’t been enough to curb the misinformation from spreading.
“While all steps taken by all these entities to curb fake news are admirable,” Bidel said, “as long as fake-news generators can make money from their efforts, the problem won’t go away.”
Newsletter publishers cautiously plan to expand editorial and sales teams
Publishers with newsletter-focused businesses are looking to grow their editorial and sales teams this year — but cautiously, to keep spending down during a time of economic uncertainty.
Magna 2023 forecast paints a resilient U.S. market, thanks to retail media and streaming
In its latest ad forecast, Magna is expecting a resilient U.S. market this year – boosted by retail, streaming and the auto industry’s bounceback.
How agencies are shaping the future of DEI beyond their own walls
Agencies are acknowledging that diversity efforts don’t stop with their companies. In addition to improving employee representation, now agency efforts in diversity, equity and inclusion are aimed at supporting clients and external partners.
SponsoredHow advertisers are fostering more effective publisher partnerships
Michael Weaver, senior vice president, business development and growth, Al Jazeera Media Network An everyday conversation between publishers and advertisers goes like this: The publisher invites the advertiser to a meal to talk about their business, attempts to delve into specifics on what the media buyer is looking to achieve, their audience breakdown and how […]
Newsletter publishers say they continue to see uptick in revenue despite advertising slowdown
At a time when larger media companies are feeling the pressure of the economic downturn and advertising slowdown, newsletter businesses continue to be in a period of revenue growth.
TikTok’s CEO faces bipartisan skepticism in first Congressional hearing on security concerns
The hearing comes amid calls to remove TikTok from government devices and in some cases even ban it entirely.