How real is the fake news problem?

If 2017 already has a buzz word, it could well be ‘fake news’, but just how big is the problem? In this guest post David Hickey, director Meltwater ANZ, explores the issue and argues journalistic integrity and research have taken a back seat as news organisations chase eyeballs and create clickbait.

Social media has completely transformed the way we create, distribute and consume news. In the past decade, it has become a driving force in shaping political beliefs and online and offline behaviour. In fact, Telsyte’s recent Australian Digital Consumer Study found that online news is now considered the most influential medium for Australian businesses and consumers, with one in three respondents accessing news through social media sites like Facebook and Twitter. Amid ongoing reports citing the prevalence of fake news stories circulating social media during the recent US election, we have seen journalistic integrity and research take a back seat in the pursuit of clickbait.

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Social media v news media
Social media has become somewhat of an echo chamber in which the content, pages and even people that we engage with in the online space increasingly serve to confirm our own personal biases. This is no mistake.

The socialisation of news is a hallmark of the digital age. Algorithmic formulas across social platforms now pick and choose what we do and do not see, selectively exposing users to content that aligns with their own opinions, interests and social and political sensibilities.

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