Get All Access for $5/mo

One Big Flaw Of Social Networking Sites Social media has evolved a lot in the last five years, and it continues to do so.

By Vinil Ramdev

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Most people today are consuming news mostly through social media rather than the more traditional news channels.

According to the recent Pew Research Center survey, 62 per cent of people get news through social media. Social networks are people-centered. The information you get there is a projection of preferences and actions of the people you follow. Most social networks consist of a number of micro-networks of followers and friends. This very structure creates boundaries for distribution of information.

All major social media sites (Facebook, Instagram, Twitter) already switched to non-time based feeds – they are trying to solve this problem with an algorithmic approach. But even the most advanced algorithms that were created by hundreds of brilliant engineers can't compete with the human brain. Not everyone is a good content creator, but all of us are good information curators. We can easily recognize information, categorize it and separate the noise from the signal.

Laura K. Inamedinova, Business Development Manager at Plag and an information flow expert says, "In today's world, people consume content just by what their friends share on social media. They live in some kind of bubble and it is very hard to reach what is outside of it."

And that is not far from the truth. If you look into Buzzfeed, one of the most popular sites for Millennials, most of their traffic comes from social media. According to SimilarWeb, almost 50% of traffic for Buzzfeed comes from social media sites like Facebook and Twitter.

These mechanics can have serious consequences when social media users post and share misleading information. Following the first diagnosis of an Ebola case in the United States in 2014, people tweeted about the topic at a rate of 6000 tweets per minute, many of the short messages containing false information leading to unwarranted panic.

Laura believes that the key to preventing outbreaks of false information lies in the opening of echo chambers and a more balanced system of information distribution.

"Plag is using a social engineering approach," she explains. "There are a lot of supplementary algorithms inside, but the most important work of curation is performed by humans. We are applying the power of the collective mind to information flows."

The output is filtered information sorted by relevance and importance and enriched by users' insights and thoughts. Every user in this information network influences the flow of information on the same level.

Inamedinova believes that this approach is more neutral, where users see information that is more relevant and accurate.

Social media has evolved a lot in the last five years, and it continues to do so. It will be very interesting to see how it shapes up in the next decade or so. We might see more human curated content, and several niche networks.

Vinil Ramdev

Entrepreneur and Business Writer

Vinil Ramdev is an entrepreneur, business writer and marketer. He graduated with a Bachelors degree in Marketing in 2004. Since then, Vinil has been involved in starting and growing several businesses predominantly in retail, marketing, media, advertising and on the internet. His skill for seeing the big picture, and identifying trends and patterns have made him a sort-after consultant for companies who want to grow their business and make their products more discoverable. 

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Diversity

5 Ways You Can Create a More Inclusive Workplace Immediately -- and Why You Should

The more diversity you bring to your team, the greater your chances of finding groundbreaking insights and solutions.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

News and Trends

Insurtech Player Zopper Raises $25M in Series D Funding

With 40 insurance companies and 2500+ ecosystem players, Zopper will utilize the fresh capital to ramp up digital infrastructure, by strengthening its Insurance Distribution platform

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.