Was Elon Musk right about Twitter's bots?

Was Elon Musk Right About Twitter’s Bots? | GZERO World

The world's richest man is trying to get out of buying Twitter because the social media platform has a lot more fake accounts than he thought.

But does he have a point? Certainly, says Facebook whistleblower Frances Haugen, who even recalls one social network with bots accounting for half of its users.

Companies could easily get rid of fake accounts, Haugen tells Ian Bremmer on GZERO World, but then businesses would lose out.
"If you can have a 1% drop in the number of users on your site, and you can have a 10% drop in the valuation of your company, that's huge," she says, adding that this discourages taking down networks of bots.

Watch the GZERO World episode: Why social media is broken & how to fix it

More from GZERO Media

Venezuela's President Nicolas Maduro attends to a military event in Caracas, Venezuela August 4, 2018.
REUTERS

The Trump administration is moving closer to a direct confrontation with Venezuela, raising the possibility of what the president once vowed to avoid: another US-backed regime change.

- YouTube

Why is trust in democracy so low? Iain Walker, executive director of the newDemocracy Foundation, argues that the incentives of modern elections, which reward demonization and five-second public opinion, make it difficult to solve complex problems. The fix: create spaces for public judgment where citizens have time, information, and a mandate to deliberate.

Imagine an economy where products are designed to be reused, repaired, and regenerated instead of ending up as waste. That’s the circular economy, a model that redefines recycling and transforms how small businesses operate. In this episode of Local to Global: The power of small business, host JJ Ramberg sits down with Ellen Jackowski, Chief Sustainability Officer at Mastercard, and Rachel McShane, Chief Financial Officer at Depop, to discuss the scale of the circular economy, why circular practices boost both sustainability and profitability, and where the industry is headed next.