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Most middle school students can't tell the difference between fake news from information published by actual news organizations, according to a Stanford University study released today.
Researchers asked students to determine the credibility of online posts. Most student - 82 percent - read "sponsored content" as the same as a real news story on a website. For Twitter, it mattered more to students if a tweet had a lot of information, or had a photo attached, not the source.
Public scrutiny on the topic prompted Facebook to vow, among other things, to implement ways of "disrupting fake news economics."
So how big is this fake news economy? Not a whole lot is known in terms of total revenue, but here are few numbers to illustrate the size of the industry:
$3,000 per day: There was an explosion of pro-Trump sites this election season thanks to entrepreneurs in Macedonia, BuzzFeed News reported earlier this month. The publication identified at least 140 sites originating from the small town of Veles. One fake news generator told BuzzFeed it's possible to earn $5,000 a month, or "or even $3,000 per day."
$10,000 a day: Horner has been making money off fake news for years, and $10,000 a month is consistent with what he's seen in the past, according to this October 2014 interview with the Post. But some stories are more lucrative than others. When his fake story about street artist Banksy went viral, he said he was collecting $10,000 each day.
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