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Category: Business

Associated Press sells its news coverage

Associated Press sells its news coverage

The AP accepted an $8 million grant from climate change organizations and is using the grant to pay for 20 new staff members. 50 AP staff members are now paid from external, third-party grants. How can a reader tell if a news report is news or propaganda? They can’t tell. The only valid assumption is to assume all news reports are propaganda. Source: Climate activists spend millions for friendly Associated Press ‘news’

Facebook and IG could have to shut down European operations

Facebook and IG could have to shut down European operations

Meta (parent of FB and IG) lost one quarter of its market value last week. This occurred because of significant risks to FB’s core business model – which is surveillance of users to build dossiers used for advertising and marketing purposes. FB no longer has control over the collection of data – as Apple, Google/Android have restricted data collection via apps, and as Europe’s data privacy regulations restrict data. This has long term strategic implications for Meta’s business model. The company noted this in its financial report, hinting that at worst case, it might have to shut FB and IG in Europe.

CNN really did stoop even lower

CNN really did stoop even lower

Rolling Stone reports that former CNN president Zucker and his girlfriend, an EVP at CNN, were actively advising former NY Gov Andrew Cuomo on how to respond in public to Trump’s criticisms, and actively running a media propaganda campaign. Zucker’s resignation was attributed to a romantic conflict of interest that apparently everyone knew about for years – and is not the reason he’s gone. The reason he’s gone is CNN, it turned out, really was running a fake news operation. But for obvious reasons, they could not come right and say that.