Twitter’s $42K API access plan could harm crypto research

Share This Post

Twitter emailed researchers to let them know they’ll either have to delete their data or pay $42,000 to keep using the platform’s API.

Researchers using Twitter’s formerly free Decahose data service will soon be required to pay a fee of $42,000 per month to continue using the service and retain their data.

Decahose, a streaming service that gives scientists unfettered access to around 10% of all tweets in real-time, has been a mainstay for academic research on myriad topics, including emergency response, law enforcement-related activities, political misinformation, and extremism.

Earlier this year, due to Elon Musk’s purchase of the company, Twitter announced it would begin charging for access to its numerous APIs with fees ranging from $100 to $42,000 per month.

Academics and universities using the Decahose service would be required to pay the “enterprise” fee of $42,000 per month under the new rules and the amount of data available would reportedly drop from 10% of the total live tweets to 0.3%.

According to a report from British publication i news, researchers were recently sent an email explaining that they could either start paying for their access or delete any data they’ve obtained:

“Researchers who don’t sign the new contract ‘will need to expunge all Twitter data stored and cached in your systems.’ Researchers will be required to post screenshots ‘that showcase evidence of removal.’ They have been given 30 days after their agreement expires to complete the process.”

The timing of this change is noteworthy, as it comes mere days after Musk joined Florida Governor Ron DeSantis in announcing the latter’s bid for the White House in the 2024 U.S. presidential election.

If executed as planned, the impending change to Decahose access could stifle global research efforts to study election misinformation and social manipulation ahead of the 2024 election as it occurs on what’s been described as one of the world’s most politically-active social media platforms.

Beyond misinformation research, the pricing changes would also limit academia’s ability to study internet-related crimes such as human trafficking and financial scams. Furthermore, Decahose has served as one of the internet’s largest repositories of human sentiment — a data source that drives insights and predictions on nearly every society-related research topic imaginable.

Related: Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data

Much of the data used to study cryptocurrency sentiment, for example, comes from Twitter and Reddit data silos. By limiting access to this data, Twitter is potentially hindering both ongoing research and forestalling new efforts.

One explanation for the pricing increase could involve Musk’s ongoing efforts to ensure technology companies aren’t using Twitter’s data to train their AI systems.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Fintech Company Tecban Pilots Tokenization Platform for Brazil’s Drex CBDC

Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain This platform facilitates the process of placing

VanEck CEO Owns ‘Way Over 30%’ In Bitcoin, Asset Manager Sees $2.9M Price By 2050

During the 2024 Bitcoin Conference in Nashville, Tennessee, Jan van Eck, CEO of global asset manager and Bitcoin exchange-traded fund (ETF) issuer VanEck, made headlines with his revealing comments

Bitcoin Rising: Next Most “Hated” Range Will Be Between $75,000 And $95,000

After concerns early this week, Bitcoin has rebounded sharply at spot rates At the time of writing, the world’s most valuable coin is up 20% from July 2024 lows Considering the upsurge from

Russia Advances Cryptocurrency Mining Bill

Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment Proposed by the chairman of the Duma Committee

BRICS Poised to Dominate World Bank and IMF, Says Russian Executive Director

The World Bank Executive Director for Russia forecasts that BRICS nations will soon dominate the World Bank and the International Monetary Fund (IMF), attributing this shift to inevitable

Can Dogecoin Replicate Its 2021 18,000% Run? Here’s What The Chart Says

Crypto analyst Kevin (formerly OG Yomi) has made a bullish case for Dogecoin (DOGE) Based on his analysis, the foremost meme coin could replicate its 2021 bull run when it enjoyed a price gain of
You have not selected any currencies to display