4 ms·
Bye bye. Media business is hard if not almost impossible. The Snowden affair was an opportunity but it is very difficult, expensive and/or require unique journa
by wslh 3y ago
Bye bye. Media business is hard if not almost impossible. The Snowden affair was an opportunity but it is very difficult, expensive and/or require unique journalists to break well researched events.
"The Intercept was awarded a grant of $3.25 million from Sam Bankman-Fried, founder of cryptocurrency exchange FTX. It had only received $500,000 when Bankman-Fried went bankrupt and the shortfall in funding "will leave The Intercept with a significant hole in its budget" according to its editor-in-chief." [1]
[1] https://en.wikipedia.org/wiki/The_Intercept https://en.wikipedia.org/wiki/The_Intercept
- qeternity 3y agoIt’s funny bc Semafor received something like $10m from SBF.
- wslh 3y agoIt is all about effective altruism [1] ;-) [1] https://en.wikipedia.org/wiki/Effective_altruism https://en.wikipedia.org/wiki/Effective_altruism
- CactusOnFire 3y agoYeah, it's very effective to be altruistic to news agencies for that good PR.
- blackhawkC17 3y agoSeems SBF went around spreading cash to everyone who cared to collect. What was he hoping to achieve? It seems to me that he was hungry to buy into elite social circles, and they were willing to part with his cash to deliver that service.
- tentacleuno 3y agoOr he was willing to part with his cash. I don't believe any news organizations made [substantial] donations to SBF, or FTX.