A 12-Month Campaign of Fake News To Influence Elections Costs $400K, Says Report (bleepingcomputer.com)
An anonymous reader quotes a report from Bleeping Computer: A 77-page report released today by cyber-security firm Trend Micro explores the underground landscape of fake news, where anyone can buy influence and create artificial trends to serve personal interests. An examination of Chinese, Russian, Middle Eastern, and English-based underground fake news marketplaces reveals a wide range of services available on these portals. The report explores several websites where customers can purchase services ranging from "discrediting journalists" to "promoting street protests," and from "stuffing online polls" to "manipulating a decisive course of action," such as an election. According to researchers, the typical clients of such services are interested in warping the way others perceive reality. These services are usually used for character assassination, swaying political trends, or creating fake celebrities. Trend Micro has compiled a "fake news" price catalog in its report, which is imbedded in Bleeping Computer's article. Some of the most expensive services include $200,000 for helping to instigate a street protest via fake news articles, $50,000 to discredit a journalist, and $400,000 to influence elections.
You're right that the concept of a propagandist is not new at all.
However you're incorrect in saying that only the commercial monetization is new. The social media technologies in use globally bring an entirely new dimension to propaganda, namely: customization and targeting of the message on a user-by-user basis. No longer do you have to think about crafting propaganda which will appeal to a broad base of people, you can write several different angles on the same story and disseminate them so that different versions are only visible to a target audience that's most likely to buy that version of it. Quoting the report itself:
This level of segmentation of your target audience would never have been possible in the age of tv or newspaper lead propaganda. Also crowdsourcing has now entered the game:
And so on. The game is changing rapidly because traditional news channels are no longer the primary channel of information delivery to most people. If you can get a piece of propaganda out on social media before commentary hits on the news, you have a huge advantgae: you've already primed the targeted audience with preconceptions
"It is the business of the future to be dangerous" -Alfred North Whitehead