1) How many users do the major social media sites boast?
As of Q4 2022, Meta, formerly Facebook, had 2.96 billion monthly active users. Twitter (now X) stopped reporting monthly active users, but the last count in Q1 2019 was 330 million, while LinkedIn had about 900 million monthly active users as of Q1 2023
2) What is the main way social media sites make money?
Such volume is the short answer to the question of how these companies are making money
3) What does ARPU stand for and why is it important for social media companies?
ARPU means average revenue per user this is important as social media companies can find an average total revenue approximately
4) Why has Meta spent huge money acquiring other brands like Instagram and WhatsApp?
Growing Meta’s user base to the point where it reached critical mass was obviously important to the company’s operations, but only to the extent that it provided something to attract advertisers
5) What other methods do social media sites have to generate income e.g. Twitter Blue?
1) What suggestions does the report make? Pick out three you think are particularly interesting.
-One of its suggestions is social networks should be required to release details of their algorithms and core functions to trusted researchers, in order for the technology to be vetted.
-He said social networks should be required to weigh up all the potential harms that could be caused by their design and engineering decisions
-It also suggests adding "friction" to online sharing, to prevent the rampant spread of disinformation.
2) Who is Christopher Wylie?
Among those contributing to the report were Cambridge Analytica whistleblower Christopher Wylie
3) What does Wylie say about the debate between media regulation and free speech?
"If I were to produce a kitchen appliance, I have to do more safety testing and go through more compliance procedures to create a toaster than to create Facebook," Mr Wylie told the BBC.
He said social networks should be required to weigh up all the potential harms that could be caused by their design and engineering decisions.
4) What is ‘disinformation’ and do you agree that there are things that are objectively true or false?
When people believe in something that is false. I agree things can be objectively false For example, that Covid does not exist and that the vaccine is actually to control the minds of people. These are all things that are manifestly untrue, and you can prove that.
5) Why does Wylie compare Facebook to an oil company?
As they both benefit from things that harm the environment an oil company from pollution and Facebook from hate online
6) What does it suggest a consequence of regulating the big social networks might be?
Platforms that monetise user engagement have a duty to their users to make at least a minimum effort to prevent clearly identified harms. I think it's ridiculous that there's more safety consideration for creating a toaster in someone's kitchen, than for platforms that have had such a manifest impact on our public health response and democratic institutions.
7) What has Instagram been criticised for?
If it has just spent the past week showing you body-building ads, it could then hold off for the next two weeks. If you want to promote body building, you can. But from the user's perspective, they should not be constantly bombarded with a singular theme.
8) Can we apply any of these criticisms or suggestions to Taylor Swift? For example, should Taylor Swift have to explicitly make clear when she is being paid to promote a company or cause?
Taylor swift should say if she is being payed to promote a company as her followers want to go off her actual opinion on the product and not just her promoting a company cause she is benefitting from it
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