Elon Musk, the influential figure behind X (formerly Twitter), has announced a modification to the creator monetisation rules. This change pertains to posts corrected by Community Notes, a user-submitted fact-checking feature, rendering them ineligible for revenue share. Musk's goal is to prioritize accuracy over sensationalism within the platform.
Details of the Change:
Elon Musk, in an effort to promote accuracy, has decided that posts corrected by Community Notes will not qualify for revenue sharing. This adjustment aims to discourage sensationalism and incentivize factual and reliable content creation.
Guarding Against Misuse:
Musk also issued a warning against the misuse of Community Notes to unfairly demonetize individuals. He emphasized that any attempts to weaponize this feature would be easily discernible due to the platform's open-source nature, where all code and data are accessible.
XWire: The News Initiative:
Elon Musk, along with CEO Linda Yaccarino, recently unveiled plans to launch a news distribution service, tentatively named XWire. This service will serve as a competitor to established platforms like Cision's PR Newswire, facilitating the dissemination of company news and press releases.
Fostering Trust in News:
Musk is actively working towards establishing X as a trusted source for news dissemination. The platform has gained a reputation for its reliability and swiftness in reporting developments. Musk has also encouraged citizen journalism on X, believing that increased on-the-ground reporting from regular individuals can have a transformative impact.
Making a slight change to creator monetization:
— Elon Musk (@elonmusk) October 29, 2023
Any posts that are corrected by @CommunityNotes become ineligible for revenue share.
The idea is to maximize the incentive for accuracy over sensationalism.
Conclusion:
Elon Musk's move to refine the monetisation rules on X reflects a commitment to fostering accuracy and reliability in content creation. The introduction of Community Notes has the potential to elevate the platform's credibility. Musk's broader initiatives, including the introduction of XWire, underscore his vision to revolutionize news distribution and access.
