2 ms·
> Seems like the news companies are shooting themselves in the foot, but it sounds good to me. No. They are using their political power to extort money from so
by brwck 4y ago
> Seems like the news companies are shooting themselves in the foot, but it sounds good to me.
No. They are using their political power to extort money from social media companies.
"Facebook to pay News Corp for content in Australia".
https://www.bbc.com/news/world-australia-56410335 https://www.bbc.com/news/world-australia-56410335
Rupert Murdoch literally forced google and facebook to pay him money for directing traffic to his sites.
> Imagine a world where you search "supreme court decision X", "California covid policy", or "FDIC action today" and the top result is the responsible agency statement followed by blogs.
That would be ideal but ultimately, the social media companies always cave. Shows you the power of news companies and what they truly are when they can bully the likes of apple, google, facebook, microsoft, etc.
You would think that news publishers like news corp or the nytimes or cnn are no match for the tech giants. But history has proven otherwise.