The Economics of Social Media
Misinformation on Social Media in India
Why false information spreads quickly online, the incentives that reward sensational content, the real-world harms in India like WhatsApp lynchings, and responses.
False information spreads fast on social media.
Why it spreads
- Novel and emotional content gets more shares; an MIT study (2018) found false news spread faster than true news on Twitter.
- Engagement-driven algorithms reward it.
- Low cost of creating and sharing.
Incentives
- Some creators earn ad revenue from viral false content.
- Political motives.
Harms in India
- In 2018, rumours about child kidnappers spread on WhatsApp led to mob lynchings in several states.
- Health misinformation during COVID-19.
Responses
- WhatsApp limited message forwarding to 5 chats in 2018 and to 1 for frequently forwarded messages in 2020.
- Fact-checkers like Alt News and BOOM.
- Media literacy campaigns.
Externality
Misinformation imposes costs on society that sharers don’t bear.
Deepfakes
AI-generated deepfakes make false content more convincing.
The forwarded rumour
A false message about kidnappers spreads through village WhatsApp groups, leading a mob to attack innocent strangers.
Thinking misinformation is harmless online chatter
It has caused real violence and health harm.
Key takeaways
- False news spreads faster than true news.
- Engagement incentives reward sensational content.
- WhatsApp rumours led to lynchings in 2018.
- Forwarding limits and fact-checkers are responses.
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