Business Models don't always serve users - Deepstash

Business Models don't always serve users

Social media business models are built on the attention economy, in which platforms sell users’ attention for advertising. But what gets attention isn’t always good for users or society.

Solution: Subscription-based models, which aren’t tied to advertising.

PS: Although there is a danger if the best, fact-checked information is available only behind a paywall.

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MORE IDEAS FROM Problems posed by social media models and suggested solutions

Sinan Aral - Professor at MIT

Social media is rewiring the central nervous system of humanity in real-time.

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We’re now at a crossroads between its promise and its peril.

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Researchers and the public have the right to know how social media platforms are accessing and using consumer data. But there’s also a need to protect user privacy and security.

Solution: Algorithmic transparency that lets researchers examine peer-to-peer information sharing without sharing personal information would lead to a greater understanding of malicious use and how to prevent it

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Social media and search engines have become the main way people organize and access information, but companies that run them are guided by profit, not things like democracy or human rights. Sometimes, the most popular, profitable speech promotes racism, misinformation, and polarization.

Solution: Introducing friction by slowing online interactions and giving users the chance to think before sharing information is one solution

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RELATED IDEA

Studies show that the younger demographic wants restricted, private, secure and exclusive networks which cannot be thronged by unwanted people, like their parents.
These exclusive online social places can be termed as digital campfires, and are mainly in the domains of private messaging, micro-communities and shared experiences.

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On social media, being good looking is important to attract a certain audience. Social media influencers are going to great lengths to appear appealing to their followers, in order to grow their fame. They spend thousands of dollars on surgeries and makeovers, making sure no fashion and lifestyle trend is left untouched.

This social media image is a high-maintenance affair, with many succumbing to mental health problems associated with the new barometers of success, as the number of likes on their Instagram posts.

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The Internet can make you feel fractured

The internet can open us up to so many things that we would have never seen otherwise. There's funny animal videos, plant parent groups, and information on movements. But there's also hate speech, harassment, misinformation etc.

The internet can also divide our attention and make us feel fragmented.

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