Re:Facebook “transparency report” turns out to be anything but
by spaetzleesser on Friday August 27, 2021 @01:09PM
(#28330359)
Venture backed or publicly traded media companies are pretty much doomed to go bad after a while. They start out offering a useful service but once the pressure of eternal growth comes they are are forced to do shadier and shadier things. There is just no way around it. The only thing that could work is a private company like Craigslist that is OK with relatively steady profits without needing to grow. But in today’s environment it probably would be very hard to start something like Craigslist, succeed and stay independent.
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Re:Facebook “transparency report” turns out to be anything but
by reaperducer on Friday August 27, 2021 @01:31PM
(#28330646)
publicly traded media companies are pretty much doomed to go bad after a while
This may be more true than you know. I observed this when I worked in television.
ABC News' decline started when ABC was bought by Capitol Cities.
NBC News' decline started when NBC was bought by General Electric.
CBS News' decline started when CBS was bought by Westinghouse.
The death of local radio news happened after each of the local news radio stations were bought by Jacor or some other enormous out-of-town corporation that answers to its investors, instead of the public it was meant to serve.
Re:Facebook “transparency report” turns out to be anything but
by effingwewt on Friday August 27, 2021 @07:32PM
(#28334144)
I don't remember when but at some point taking on VC capital became like a death-knell to me.
Was definitely before reddit did, I remember thinking that was the beginning of the end.
Makes me terrified for the housing market.