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Web Summit to have new stage featuring the creator economy

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Influencer Caspar Lee on the stage of the Web Summit 2019
Influencer and entrepreneur Caspar Lee (left) attended the WebSummit in 2019 | Photo: Diarmuid Greene

The 7th edition of Web Summit, the largest technology conference in Europe, starts today in Lisbon, Portugal, with over 1,000 speakers confirmed.

20 stages will host presentations and panels showcasing topics from marketing and money, to cyber security, NFTs and climate change, amongst others. One of them is the “Verified” stage where digital creators will be sharing their personal stories of success and talking about the challenges they faced along the way.

The Verified stage at Web Summit, one of three new tracks being introduced this year, will showcase the secrets of the creator economy, and how creators can make money from their content. Topics covered will include influence, diversification, monetisation, and how to grow and retain a following in times when social media platforms constantly change their algorithms.

A selection of influencers and content creators will be joining a variety of discussions, including skincare guru Hyram Yarbro. Besides a massive number of followers – over 1m followers on Instagram and 6.2m on TikTok – Yarbro launched Selfless, a sustainable skincare range dedicated to social impact, with a percentage of profits going towards non-profits Thirst Project and Rainforest Trust.

Also confirmed for the Verified stage of the tech event is Michael Le, a creator with over 52 million followers on TikTok and co-founder of Web3 esports and gaming platform Joystick. The California native has landed the number 24 spot on Forbes’ Top Creators 2022 list and reportedly made over US$5.5M in 2021 from content creation and partnerships luxury brands including Prada and Hugo Boss.

Youtuber Daniel Markham, who is best known for the YouTube series What’s Inside, where the contents of everyday objects are investigated and shared to his 7 million subscribers, is also confirmed to appear on the Web Summit’s Verified stage.

The Web Summit is expected to attract 70,000 participants, over 2,600 startups and companies, and 1,120 investors to Lisbon this year. The event runs until November 4 at the Altice Arena.

Marcio Delgado is a Journalist, Producer and Influencer Marketing Manager working with brands and publications in Europe, America and Asia.

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Social media research threatened by new data limitations

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The EU Digital Services Act, which came into effect in August 2023, will provide vetted researchers with access to large online platforms | Photo: Robin Worral

Academics around the world have warned of a threat to scientific research as major social media platforms limit access to user data.

Over the course of 2023, numerous social media platforms including X (formerly known as Twitter), TikTok, and Reddit made substantial changes to their Application Programming Interfaces, known as APIs.

Researchers have routinely tapped APIs for large-scale data on social media users into behavioural patterns at individual, group, and population levels. This work has included predicting where conflict may occur and allocating disaster aid; and understanding the impacts of online polarization or misinformation on voting patterns.

However, the changes to APIs have led to data access being drastically reduced, or becoming more costly due to increased charges, meaning that this kind of research is now much harder to conduct. It also inadvertently impacts app developers who have built their service on this source of information.

A new study outlining the implications of changes to how data is extracted and shared within and across social media platforms has been published in Nature Human Behaviour.

Dr Dirk van der Linden from Northumbria’s Department of Computer and Information Sciences was one of the contributors to the study. Dr van der Linden is part of Northumbria’s Social Computing (NorSC) group, which studies social technology and the idea that designing it requires critically understanding the people that use it, the ways in which they live and interact with one another, and the impacts that it can have on our behaviours and interactions with the world.

“It is ever more important to be able to study what is happening on social media networks, as so much of our lives are lived online”, says van der Linden. “It’s already complicated for scientists to deal with an increasingly fragmented landscape of different social media networks in use today, where much of the data is inherently ephemeral. But when the networks controlling this data further complicate matters with more restrictive terms and conditions, we risk running into situations where research skirts the borders of what is ethical, or worse (depending on your point of view), not done at all.”

The research team on the study, which was led by the University of Bath, said that the changes are adversely affecting academics who want to study the impact of social media on mental health, misinformation, political views and more.

“It’s critical that research on people and society can access these large-scale data sets as there can be policy implications and far-reaching consequences if we get it wrong,” said Dr Brit Davidson, from the University of Bath’s School of Management.

“Over time, we have many cases of where the lack of open science (sharing data, analysis, materials) impacts our ability to verify and check for science credibility. We’ve seen science discredited, which causes concern as to whether work can be reproduced or replicated.”

However, there are instances where changes to API access is necessary. For example, the Cambridge Analytica Scandal in 2018 led social media platforms to implement strict measures to prevent third-party users from gaining access to personal data without consent. They then enabled users to revoke app permissions, which gave users more control over their data to protect user privacy.

The EU Digital Services Act, which came into effect in August 2023, aims to provide vetted researchers with access to ‘very large online platforms’, with similar updates to GDPR Article 40. However, researchers are still waiting to hear more about what vetting means in practice and the conditions of using the data.

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X app may lose up to $75 million in advertising revenue in 2023

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A man holding a phone displaying the social media app X, formerly Twitter.
Twitter, rebranded as X, was acquired by Elon Musk in 2022 for $44 billion | Photo: Julian Christ

Elon Musk’s next-generation craft reached space for the first time on November 18th. But when it comes to the digital world, Musk-owned social media platform X, formerly Twitter, could lose as much as $75 million in advertising revenue by the end of 2023, the New York Times has reported on Friday.

The entrepreneur backing an antisemitic post on the platform last week has led several companies including content giants Walt Disney and Warner Bros Discovery to pause their advertisements on the site – and these were not the only ones.

According to the New York Times, Internal X documents reviewed by the publication reportedly showed more than 200 ad units of major brands such as Airbnb, IBM, Coca-Cola and Microsoft that have either halted or considered pausing ad spending on the platform recently. On Friday X said that a whopping $11 million in revenue was at risk and the exact figure fluctuated due to some advertisers returning to the platform and others increasing their spending, according to the report by the Times.

After the backlash, Elon Musk said that X Corp. will donate any revenue the social media platform generates from advertising and subscriptions linked to the war in Gaza to hospitals in Israel as well as to the Red Cross in Gaza.

This is not the first time revenue at X had revenue worries in the past few months, with Reuters previously reporting that X’s ad revenue has declined at least 55% year-over-year each month since Musk’s takeover.

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Instagram now allows users to block the app from tracking what they do online

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Meta has also announced a way to transfer your photos and videos from Instagram to other services | Photo: Erik Lucatero

Social media users not wanting to leave a history of online usage can now turn off the Instagram’s ability to track what other apps and websites they use, and can see and manage which companies are collecting their data, Meta has announced earlier this week.

Meta will now let you block Instagram from collecting your data across the apps and websites you visit. The company has started allowing users to review which businesses are sharing information with Meta, disconnect specific activity, as well as clear the collected information.

The move, which has been welcomed by users sharing the news online, comes as a new report suggests Meta may move to a subscription model in Europe to avoid the EU entanglements around advertising and privacy; according to the New York Times, the  “pay to play” model would apply to Facebook and Instagram, but not WhatsApp. 

How to block Instagram from tracking what you do online

To find and enable the Activity Off-Meta Technologies, you can access Accounts Center on Instagram by heading to Settings and privacy and selecting Accounts Center. This menu is also present on Facebook and Messenger.

Previously it was available only for Facebook. Meta receives information from third-party websites that use its business tools, such as the Meta Pixel, which tracks users on the web and allows Meta to serve personalized ads on its platforms.

Meta also announced a few other features coming to the Accounts Center, including a way to transfer your photos and videos from Instagram to other services. Additionally, you can now download information from both your Facebook and Instagram accounts at the same time. Meta previously only let you download information separately, which you can still choose to do.

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