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Credit MIT Sinan Aral has spent two decades studying how social media impacts our lives, from how we think about politics to how we find a romantic partner. He argues that we're now at the crossroads of a decade of techno-utopianism followed by a decade of techno-dystopianism. How to reconcile the promise and peril of social media is one of the biggest questions facing democracy today. Aral is the David Austin Professor of Management, Marketing, IT, and Data Science at MIT; director of the MIT Initiative on the Digital Economy; and head of MIT’s Social Analytics Lab. He is the author of "...

ATLANTA (CNN) — Over the last year, the World Wide Web has started to look less worldwide. Europe is floating regulation that could impose temporary bans on U.S. tech companies that violate its laws. The United States was on the verge of banning TikTok and WeChat, though the new Biden administration is rethinking that move. India, which did ban those two apps as well of dozens of others, is now at loggerheads with Twitter. And this month, Facebook clashed with the Australian government over a proposed law that would require it to pay publishers. The company briefly decided to prevent users ...

  Nice visualization (based on a study by the Brunswick Group) looking at the sources of information were investors rely upon, and how that has changed over the past 20 years. There were two especially noteworthy changes: More investors were relying on professional advice in 2019 versus 2001 — 57% vs 49%. I suspect those numbers really changed in the 2010s post-GFC, as retail found it difficult to sidestep the crash and even more challenging to get back into equities. The biggest change is the ongoing rise of the internet as a resource for basing investing decisions. The big increases are ...

Online mobs are likely to remain a dangerous reality By The Washington Post By Drew Harwell When the stock market opened one morning last month, Jake was working a job he hated inside a cavernous Amazon fulfillment center, trying desperately to spend some of the $1,452.45 in his checking account on shares of a failing chain of video game stores. At home alone in Des Moines, he had immersed himself in the euphoria of WallStreetBets, the raucous Reddit forum where followers were cheering one another toward a leap of faith: A mass buy of GameStop stock, they thought, would decimate hedge funds ...

Commentary: Llewellyn King - Social media and the mob factor Llewellyn King FacebookTwitterEmail Social media has an unimagined, unequaled, uncontrollable, and unpredictable ability to mobilize groups of people for antisocial action; to take a sliver of society and turn it into a mob. Last month this new force in society was on display, from mobilizing anti-vaxxers in Los Angeles to the U.S. Capitol riot, resulting in five deaths, to the run-up of a weak stock, GameStop, by 1,800%. These events, coupled with some strains of political thought being restricted on Facebook and Twitter, along wit...