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Photo: Lionel Bonaventure/AFP via Getty Images

Twitter on Monday announced a new feature, called Birdwatch, aimed at combating misinformation and disinformation with a "community-driven approach" that allows users to add context to tweets they believe are misleading.

How it works: The new feature, which is being piloted in the U.S., "allows people to identify information in tweets they believe is misleading and write notes that provide informative context," Twitter's vice president for product Keith Coleman wrote in a blog post.

  • The pilot is available in a separate section of Twitter to a small group of users who apply for the program.
  • "Eventually we aim to make notes visible directly on Tweets for the global Twitter audience, when there is consensus from a broad and diverse set of contributors,” Coleman wrote.

The big picture: It's the latest move by Twitter to grapple with misinformation and disinformation on its platform.

  • It's also an acknowledgment that Twitter needs help with monitoring content and that a possible solution lies in the "wisdom of the crowds," writes Axios' Ina Fried.
  • But there's also a risk of such systems being abused to target legitimate commentary from a minority view.

What they're saying: "We believe this approach has the potential to respond quickly when misleading information spreads, adding context that people trust and find valuable," Coleman wrote.

Go deeper

App rush: Talent over trash

Data: Knight First Amendment Institute at Columbia University. Chart: Michelle McGhee/Axios

Amid the sea of pollution on social media, another class of apps is soaring in popularity: The creators are paid, putting a premium on talent instead of just noise.

The big picture: Creator-economy platforms like Patreon, Substack and OnlyFans are built around content makers who are paid. It's a contrast to platforms like Facebook that are mostly powered by everyday users’ unpaid posts and interactions.

Erica Pandey, author of @Work
5 mins ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
14 mins ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

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