In thrillers like The Odessa File by Frederick Forsyth, the books of John Le Carre, and numerous movies like The French Connection, one learns of the ways in which rogue groups (terrorists, especially) would raise funds: they would rob banks. burglarize rich people, hijack cash transfer trucks, etc. The article below from the MIT Technology Review details how fringe and rogue groups dedicated to disinformation use the Google and Facebook advertising systems to generate revenue for their activities, and this article from the Associated Press details how the same fringe groups–white supremacists in particular–are using cryptocurrencies (1) to receive funds anonymously from people who do not wish it be known that they are racist and (2) to avoid paying financial judgments rendered against them in civil trials. As Shoshana Zuboff has reminded us over and over, regulation is designed to eliminate businesses that threaten the marketplace and erode trust in capitalism. The “free internet” meets both of these criteria, and it must be regulated.
Source: How Facebook and Google fund global misinformation
The tech giants are paying millions of dollars to the operators of clickbait pages, bankrolling the deterioration of information ecosystems around the world.