Elon Musk has stated that posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share” in an effort to stop the spread of misinformation and sensationalism.
The executive chairman of X stated on Oct. 29 that misleading or inaccurate posts “corrected” by Community Notes — staffed by crowdsourced fact-checkers — would not be eligible for revenue share.
Musk stated that the modification would “maximize the incentive for accuracy over sensationalism” and that any attempt to weaponize the feature would be “immediately obvious” due to the open source nature of the data.
Making a slight change to creator monetization:
Any posts that are corrected by @CommunityNotes become ineligible for revenue share.
The idea is to maximize the incentive for accuracy over sensationalism.
— Elon Musk (@elonmusk) October 29, 2023
With limited information, X users and Crypto Twitter experts questioned certain modification aspects.
“Does that include notes that are added for context [of] the user’s claims rather than correcting false information?” one user inquired. The crypto-focused account Bitcoin Archive stated that not all notes are “refutations or corrections.”
Not all community notes are refutations or corrections.
Some just add further context.
— Bitcoin Archive (@BTC_Archive) October 29, 2023
Finance-oriented X account “Not Jerome Powell” asserted that Community notes applied to memes “in a funny way” or notes providing context “should be excluded.”
However, others were in favor of the transition. “Pay attention to those who vehemently disagree with this,” wrote Dogecoin (DOGE) co-creator Billy Markus. It’s quite literally people who make a lot of money spreading misinformation.
According to an Oct. 26 post on X from CEO Linda Yaccarino, neither the number of accounts eligible for monetization nor the identities of the 100,000 contributors in 44 countries have been disclosed.