important to remember journalists were the unchallenged gatekeepers of ‘truth’ before social, and that shaped their psychology. it’s not just their business, it’s their identity — they really believe they’re uniquely equipped to understand the world. not bad people, just wrong.
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But if you want a network to produce reliable information, you have to optimize it for that. That's exactly the point - Facebook optimizes for engagement, which promotes information that's sensational over information that's true. Critics say that's harmful. Why are they wrong?
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my dude, if you want someone to argue that anything on TV news is a good example of journalism, you're gonna need to find someone else
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That said television channels get paid by advertisers and distributors for reach. So they will optimize for more people total not people constantly engaged. Presumably that changes their incentives from a strictly engagement driven business
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Media optimize for profit, like any business. The incentive structures of collective truth-seeking is fundamentally broken. We’re fixing this:https://medium.com/@harmonylion1/decentralizing-the-search-for-truth-using-financial-markets-648bf4408b5c …
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