Followup on Web Currencies.

Helmond, Anne and Carolin Gerlitz. ‘ Hit, Link, Like and Share. Organizing the social and the fabric of the web in a Like economy.’ Paper presented at the DMI mini-conference at the University of Amsterdam, January 24-25, 2011.

Team Members

Carolin Gerlitz (Goldsmith University) and Anne Helmond (University of Amsterdam)

Introduction

The dominant currency of the web is the link.Traditionally Google ranks websites based on hyperlink counts.This may be considered a Web 1.0 approach as with 2.0 there is the emergence of separate spheres (the blogosphere, the updatesphere). On top of that social media like Facebook create new spheres behind Walled Gardens. The question then becomes: Does the hyperlink remain the dominant currency within these new spheres? What type of content rises to the top in social media spheres?

In 'Links and Power: The Political Economy of Linking on the Web' (2002) Jill Walker describes how search engines (specifically Google) changed the notion of hyperlinks as "mere mechanics" to the link as "a pseudo-monetary unit." When Google introduced its link analysis algorithm PageRank (1998) it inflicted a value onto links where different links have different values: some links are more important than others: "Links have become the currency of the Web. With this economic value they also have power, affecting accessibility and knowledge on the Web." (Walker, 2002)

To what extent does the notion of the link as the currency of the web still hold in Web 2.0?
Claim: “ ReTweets Are The New Currency Of The Web” by Michael Arrington, Techcrunch 2009.

Has Web 2.0 and/or the Social Web introduced new social currencies such as the Like, the Share and the (re)Tweet?

socialcurrencies1.png

Method

  1. Query “BP Oil Spill” in Google Web, Google Blogs and Google News.
  2. Take top 100 results for each sphere
  3. Collect number of Diggs, Delicious, Tweets (Tweetmeme/Topsy), FB Likes, FB Comments, FB Shares, FB Total, FB Clicks $ Tools http://tools.issuecrawler.net/beta/digg/ & Facebook measures (send spreadsheets to Erik):
  4. Check all numbers (see volatility of tools) and manually correct the incorrect numbers using the available Facebook Developer tools. Limitation: Like and Share are now the same (see Like & Share). In Google Blogs an unknown number of URLs caused the tools to return incorrect numbers. Manually redid the all the URLs, putting them in 1 by 1 in the following tools: http://tools.issuecrawler.net/beta/digg/ (Digg, Delicious, Tweetmeme, Topsy) http://www.facebook.com/share/ (Facebook Share) http://developers.facebook.com/docs/reference/plugins/like (Facebook Like)
  5. Removed Tweetmeme, decided on Topsy.
  6. Manually check for Like Button, Share Button and Tweet Button.
  7. Categorize.

Volatility of tools and methods

On merging Share & Like ( deprecation of the Share):

"Share is still an option, however we merged the external count so that the count represents total interactions with the URL." The Next Web.

References

Brin, S. and Page, L., "The Anatomy of a Large-Scale Hypertextual Web Search Engine". In Proceedings of 7th Int. World Wide Web Conference, (1998). < http://www7.scu.edu.au/programme/fullpapers/1921/com1921.htm >

Walker, Jill. ‘Links and Power: The Political Economy of Linking on the Web’, 2002 < http://jilltxt.net/txt/linksandpower.html>
Topic revision: r5 - 15 Feb 2012 - 13:14:21 - Anne Helmond