Top News:
Lauren Feiner / CNBC:
Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval — - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
Discussion:
New York Times, PR Newswire, New York Times, @elonmusk, @elonmusk, Axios, @btaylor, Mediaite, Media Matters for America, PRWeek, New York Magazine, New York Times, Adweek, @brookesingman, @oneunderscore__, Fast Company, @sarahfrier, @gabehudson, @davidsacks, @kantrowitz, @rmac18, TechCrunch, @paraga, The Register, Protocol, AppleInsider, Financial Times, NBC10 Philadelphia, @mims, @espiers, @joannastern, @sarahfrier, @hblodget, @mollyjongfast, @davewiner, @jim_jordan, @benfenton, @byjacobward, @lizweil, @evelyndouek, @emanuelmaiberg, @leratomannya, @mgsiegler, @sarafischer, @reuters, @chrislhayes, @thekenyeung, @artemr, @emilydreyfuss, @zubymusic, @rmac18, @repjayapal, @mathewi, @dylanreeve, @davidafrench, @ayocaesar, The Hollywood Reporter, @mat, @justinhendrix, @jarak, @mattrosoff, @russellholly, @ericjackson, @aprilaser, @benmekler, @kfury, @kantrowitz, @buzz, @bplewis, @tomgara, @jamesrbuk, @taylorlorenz, @caseynewton, @repjimbanks, @tedcruz, @obrien, @alexkoppelman, @daveleeft, @sarahjeong, @anthony, @alexhanna, @ericjackson, @mgsiegler, @davidaxelrod, @mikeisaac, @loganbartlett, @film_girl, @danprimack, @kurtwagner8, @danprimack, @tomgara, @djrothkopf, @sriramk, PlausibleFoolishness's …, @alkapdc, @manan, @tomcoates, @dcurtis, @atrupar, @tcarmody, @ggreenwald, @robaeprice, @mathewi, @alexhern, @mikedrucker, @taylorlorenz, @wajahatali and The PhilaVerse, more at Techmeme »
Discussion:
Elon Musk / @elonmusk: 🚀💫♥️ Yesss!!! ♥️💫🚀 https://twitter.com/...
Elon Musk / @elonmusk: I hope that even my worst critics remain on Twitter, because that is what free speech means
Dan Primack / Axios: Twitter agrees to be bought by Elon Musk
Bret Taylor / @btaylor: The Twitter Board has reached an agreement with @ElonMusk https://www.prnewswire.com/...
Kipp Jones / Mediaite: Fox News Hosts Tucker Carlson and Mark Levin Announce Their Return to Twitter After Musk Takeover
John Knefel / Media Matters for America: Mainstream coverage adopts Elon Musk's “free speech” framing - despite his anti-union, anti-speech, anti-worker history
Matt Stieb / New York Magazine: Twitter Employees Don't Want to Work ‘for a Company That Is Owned by Elon Musk’
Brooke Singman / @brookesingman: EXCLUSIVE: #Trump will not return to #Twitter even if #ElonMusk purchases platform, will begin using his own #TRUTHSocial https://www.foxnews.com/...
Ben Collins / @oneunderscore__: There are plenty of models for where this site is likely headed. I'm on those sites all day. I cover extremism and lies for a living. You're not gonna like it.
Sarah Frier / @sarahfrier: -open source algorithms -defeat spam bots -authenticate all humans https://twitter.com/...
Gabe Hudson / @gabehudson: Lot of assholes cite free speech as excuse to taunt marginalized communities when free speech is abt making sure marginalized communities can speak up
David Sacks / @davidsacks: Things that must be true if Twitter's board is ready to accept @elonmusk's offer: 1) they did a soft market check and there were no other bidders. 2) @Jack is on board. 3) the pressure campaign worked.
Alex Kantrowitz / @kantrowitz: Tesla's stock reacts https://twitter.com/...
Ryan Mac / @rmac18: Inside Twitter, employees seemed to be most immediately concerned about what Musk's bid will do for their stock compensation. There's also a minority of employees who are excited by the prospect of his takeover based on internal Slack messages we've seen. https://www.nytimes.com/... https://twitter.com/...
Ingrid Lunden / TechCrunch: Twitter accepts Elon Musk's $44B acquisition offer
Parag Agrawal / @paraga: Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important. https://twitter.com/...
Brandon Vigliarolo / The Register: Elon Musk to buy Twitter in $44bn deal, promises stuff
Sarah Roach / Protocol: It's official: Elon Musk is buying Twitter
Hannah Murphy / Financial Times: Twitter accepts Elon Musk's $44bn takeover offer
Lauren Feiner / NBC10 Philadelphia: Twitter Accepts Elon Musk's Buyout Deal
@mims: as someone who was getting into Digital Minimalism before all this happened, let me just say that if millions of Twitter addicts quit the platform as a result of this, honestly that would be such a gigantic net good (spoken as a former 20-tweet-a-day kinda person)
Elizabeth Spiers / @espiers: Alt hed: Dog Catches Car https://twitter.com/...
Joanna Stern / @joannastern: First person to calculate this deal in Dogecoin wins... a blue checkmark.
Sarah Frier / @sarahfrier: Elon Musk agreed to buy Twitter for $44B, using one of the biggest leveraged buyout deals in history to take private a platform that has become a hub of public discourse and a flashpoint in the debate over speech, by @KurtWagner8 https://www.bloomberg.com/...
Henry Blodget / @hblodget: Dear Twitter employees... What the deal deal means for you is 1) most of your stock options will be worth something, and 2) you'll have a new boss. Beyond a couple of minor tweaks, the new boss hasn't said what he'll want you to build and do. It's not clear he knows. https://twitter.com/...
Molly Jong-Fast / @mollyjongfast: This is going to be such a headache for him and possibly for us https://www.nytimes.com/...
Rep. Jim Jordan / @jim_jordan: Free speech is making a comeback. https://www.cnbc.com/...
Ben Fenton / @benfenton: The sale of this platform to a single private individual with unknowable designs on it should remind us of the transatlantic difference between the value placed on private and public ownership of the media. We are the lucky ones.
Jacob Ward / @byjacobward: Musk buys $twtr. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Mr. Musk of his new company, which will now be privately held. https://www.prnewswire.com/...
@lizweil: Alt Musk theory: people will do anything to distract themselves from the true inner chaos of turning 50.
@evelyndouek: Soon we may be wistfully remembering the good old days when Twitter was run by a different eccentric billionaire who ate only 7 meals a week & appeared to testify before Congress from his kitchen. But we can do better than such nostalgia. Wrote about it: https://www.theatlantic.com/ ...
Emanuel Maiberg / @emanuelmaiberg: the fact that powerful people in media killed my original headline, “Elon Musk Becomes King Shit of Turd Mountain,” is exactly why we need more free speech https://www.vice.com/...
M.G. Siegler / @mgsiegler: So the whole thing just resets now, right? Here we go: Eating a poke bowl.
Sara Fischer / @sarafischer: BREAKING @Twitter agrees to be bought by @ElonMusk https://www.axios.com/...
@reuters: Donald Trump told Fox News that he will not return to Twitter even if his account is reinstated following Elon Musk's purchase. Trump said he will formally join his own Truth Social startup over the next seven days, as planned https://www.reuters.com/... https://twitter.com/...
Chris Hayes / @chrislhayes: The only thing I'll say about Elon and Twitter is a quote an old Chicago reporter once said to me about newspaper publishers and their political endorsements: “Nobody ever bought a bicycle they didn't want to ride.”
@thekenyeung: Twitter will not hold a conference call on Thursday after releasing its quarterly earnings.
@artemr: I am excited about the promises of technical improvements - the edit button, getting a handle on spam bots, authenticating all humans. But relaxing moderation is going to be a disaster that will turn Twitter into an even worse sesspool than it is now. https://www.prnewswire.com/...
@zubymusic: This is cool. I've been on Twitter for 13 years and have watched it gradually become more and more restrictive, biased, and censorious. Not to mention huge levels of spam and bot activity. I'm confident this is a step in the right direction for freedom and fairness. https://twitter.com/...
@repjayapal: Tax the rich. It's absurd that one person can afford to buy Twitter for more than $40 billion while working families across this country have to choose every day between buying groceries or their prescription drugs. https://twitter.com/...
Mathew Ingram / @mathewi: Not surprising. Shareholders probably less than enamored with Musk pledging $20 billion or so in stock for this deal, not to mention taking his eye off the ball in a significant way https://twitter.com/...
Dylan Reeve / @dylanreeve: I honestly struggle to imagine any way this will make Twitter better. At least, assuming his intent with owning is to make it adhere more closely to his... values. https://twitter.com/...
David French / @davidafrench: Fine with me, so long is Twitter is a hobby, and Elon Musk keeps his eyes on the main thing: https://twitter.com/... https://twitter.com/...
Ash Sarkar / @ayocaesar: I think it's really cool that tech bros can develop platforms to mine and monetize our data, accidentally become central to the distribution of news, and then sell off crucial parts of information infrastructure to a billionaire whose brain is 80% juul pod. https://twitter.com/...
Alex Weprin / The Hollywood Reporter: Elon Musk Is Twitter's New Ruler: Expect Grand Plans (and Chaos) Ahead
Mat Honan / @mat: Hell of a way to go about getting @elon
Justin Hendrix / @justinhendrix: There once was a man named Musk Whose tweets were a little too brusque So he bought the whole Twitter Leaving some users bitter As we hurtle toward democracy's dusk.
Joey Arak / @jarak: Now that this tweet is owned by Elon Musk, allow me to say that Grimes has sucked ever since VISIONS!
Matt Rosoff / @mattrosoff: Members of Biden's inner circle and party strategists are concerned about an increase in misinformation. A strategist close to Silicon Valley's biggest megadonors says it's not good for the Democratic party. “I would not trust him... https://www.linkedin.com/... https://www.cnbc.com/...
@russellholly: Well I'm sure this app is going to be a lot of fun for the rest of the night. Week. Month. https://twitter.com/...
Eric Jackson / @ericjackson: No way Elon runs this as a non profit
Alex Kantrowitz / @kantrowitz: We're now all tweeting on Elon Musk's social network
Buzz Andersen / @buzz: I'm Twitter user number 538. Been on here since July 2006. My interest has been declining steadily for some time now, but this may finally be it.
@bplewis: also think twice before tweeting your joke about this whole going private thing. chances are someone else has already made that dumb joke
Tom Gara / @tomgara: People keep focusing on Trump coming back when the real question is Azealia Banks coming back https://twitter.com/...
James Ball / @jamesrbuk: Somewhat grim but: one of the biggest and constantly changing automated moderation challenges is banning images and videos of child abuse being transmitted. It's thousands per minute, on every network. The idea of turning off moderation and starting from scratch is a non-starter
Taylor Lorenz / @taylorlorenz: A lot of media are about to learn lessons about platform reliance first hand
Casey Newton / @caseynewton: I'll never forget where I was the moment that Elon Musk bought Twitter (I was on Twitter)
Jim Banks / @repjimbanks: This is a huge win against the woke mob and haters of free speech! I would encourage @elonmusk to immediately: - Allow all factually true and legal content to be posted - Restore the accounts of all duly elected government officials https://twitter.com/...
Ted Cruz / @tedcruz: Exactly right. Amazing to watch the Left panic at the prospect of free speech on Twitter. https://twitter.com/...
Chris O'Brien / @obrien: Should be fun watching Musk fight the EU on this front. https://twitter.com/...
Alex Koppelman / @alexkoppelman: I'm really looking forward to the collective reaction when Elon succeeds in “defeating the spam bots” and all of us including him lose like 75% of our followers overnight
Sarah Jeong / @sarahjeong: it's not nearly the funniest part of the list of things he intends on doing but “making the algorithms open source” and “defeating the spam bots” are goals that work against each other
Anthony DeRosa / @anthony: All is forgiven if @elonmusk brings back Vine and Periscope
@alexhanna: Now would be a good time for Twitter employees to take some coordinated action, especially in solidarity with your Trust and Safety colleagues whose job is going to be made much harder if this deal goes through.
Eric Jackson / @ericjackson: Faber just said this but I had this thought too... one person just did a $44B all cash offer for a public company which was accepted... and I remember being blown away when YouTube got bought for $1.6B in 06
M.G. Siegler / @mgsiegler: We wanted flying cars, instead we're going to get flying cars *and* 140 characters. https://twitter.com/...
David Axelrod / @davidaxelrod: Welcome back to Twitter, Donald Trump! (Brace yourselves, America.) https://www.axios.com/...
@mikeisaac: there will be an All-hands meeting held this afternoon for Twitter employees, per internal email from Twitter CEO Parag Agrawal starring Bret Taylor, Twitter's board chair, and Agrawal
Logan Bartlett / @loganbartlett: Guess this settles the shitposting vs threads debate once and for all
Christina Warren / @film_girl: I'm so happy I'm no longer a tech reporter today b/c I'm not having to work on hot takes on deadline. I can just shitpost for fun.
Dan Primack / @danprimack: “As planned” https://twitter.com/...
Kurt Wagner / @kurtwagner8: Here's the note Twitter CEO @paraga just sent employees. Company all-hands scheduled for 2 pm PT to discuss Elon Musk buying the company https://twitter.com/...
Tom Gara / @tomgara: Incredible, and possibly ominous, that this is the first major news event where nobody has a really funny tweet
David Rothkopf / @djrothkopf: The richest guy on the 2021 Forbes 400 owns the Washington Post. Number 2 now owns Twitter. Number 3 owns Facebook. Numbers 5 and 6 started Google. Numbers 4 and 9 started Microsoft. Number 10 owns Bloomberg. Free speech? You decide.
Sriram Krishnan / @sriramk: New era. Thrilled for @twitter. Congratulations to @elonmusk and think this will be a fantastic moment for what is a service we all care about.
Plausible Foolishness / PlausibleFoolishness's …: It Actually Happened — So we're here. It actually happened. Twitter agreed …
Alex Kaplan / @alkapdc: The founder of a major QAnon channel made up of QAnon influencers who were banned by Twitter following the January 6 insurrection seems to believe that incoming Twitter owner Elon Musk will let QAnon supporters back onto the platform. https://twitter.com/...
@manan: so everyone joining Truth Social? Or is Twitter acquiring Truth Social & Nunes becomes Twitter CEO. Devin then bans all cow memes.
Tom Coates / @tomcoates: Okay so it happened. Thinking of everyone at Twitter right now and the almost certain large amount of uncertainty and anger this is likely to generate. Hope their options got bought out at least there are no more RSUs to vest. https://www.prnewswire.com/...
Dustin Curtis / @dcurtis: There are two Musks. Musk One: save humanity by making it a multi-planetary species. Also try to save Earth with electric vehicles. Musk Two: own what has become the most toxic communication system ever used by humans, because he's addicted to it.
Aaron Rupar / @atrupar: bookmarking this for when Trump's account is reactivated, he starts tweeting again, and Truth Social is a punchline that most people don't even remember https://twitter.com/...
Tim Carmody / @tcarmody: I really thought Alphabet would have bought Twitter and destroyed it instead
Glenn Greenwald / @ggreenwald: If this happens even to a small extent - if he is serious about following through and able — it will be one of the best and most important developments in US/Western political discourse in some time. Expect a massive backlash from numerous power centers, which need censorship. https://twitter.com/...
@robaeprice: Elon Musk official statement: “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.” https://www.prnewswire.com/...
Mathew Ingram / @mathewi: I for one welcome our new Twitter overlord, and look forward to helping capture others who can work in his sugar mines
Alex Hern / @alexhern: “I can't stand working for a part-time CEO who focuses all his attention on his second job, I wish that would change” the twitter employee said, holding the withered monkey's paw
Mike Drucker / @mikedrucker: If Elon Musk buys Twitter, I'm never signing in again until five minutes later when I'm bored and open the app without thinking
Taylor Lorenz / @taylorlorenz: This could be enough to finally kill this app and set us all free https://twitter.com/...
RELATED:
Brooke Singman / Fox News:
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on Truth”, whose stock closed down 12.9% on Monday — Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
Discussion:
New York Times, Ad Age, Washington Post, ScreenRant, USA Today, Mediaite, TechCrunch, Bloomberg, Media Matters for America, CNET, Variety, Insider, MediaPost, The Wrap, Breitbart, New York Post, MarketWatch, The Verge, Vox, Rolling Stone, Al Jazeera, The Verge, CNBC, Poynter, Deadline, Politico, @maggienyt, The US Sun, @fredbenenson, Press Watch, @alexplitsas, @palafo, @frankluntz, @obrien, Defending Privacy and Reuters, more at Techmeme »
Discussion:
Melina Delkic / New York Times: 4 ways Twitter could change under Elon Musk.
Kishalaya Kundu / ScreenRant: Donald Trump Has No Plans To Return To Twitter | Screen Rant
Michael Luciano / Mediaite: The Five Predicts Trump Will Be Back on Twitter: ‘Not Gonna Be Able to Help Himself’
Mark Gongloff / Bloomberg: Elon Musk and Twitter Are Not a Match Made in Heaven
Media Matters for America: With the platform's board agreeing to Elon Musk's bid, power now rests with Twitter's advertisers
Zack Sharf / Variety: Donald Trump: ‘I Am Not Going Back to Twitter,’ Even With Elon Musk Taking Over
Insider: Donald Trump claims he won't return to Twitter after Elon Musk's purchase: ‘Bottom line is, no.’
Wayne Friedman / MediaPost: Potential Buyout Company For Trump's Truth Social Sinks 18% On News Of Twitter Acquisition
Wendell Husebø / Breitbart: Donald Trump: ‘I Am Not Going Back to Twitter’
Tomi Kilgore / MarketWatch: Stock of SPAC buying Trump's Truth Social extends plunge after reports Twitter buyout deal is close
Peter Kafka / Vox: Now what? — Elon Musk paid $44 billion for Twitter. Next up: Making Twitter worth (at least) $44 billion.
Brian Schwartz / CNBC: Biden officials worry Musk will allow Trump return to Twitter
Tom Jones / Poynter: Elon Musk buys Twitter. Now what?
Ted Johnson / Deadline: Donald Trump Tells Fox News He Is “Not Going Back” To Twitter After Elon Musk Buys Company
Rebecca Kern / Politico: Musk is buying Twitter, and its political speech problem
Maggie Haberman / @maggienyt: Tired: Twitter is a dead zone, ignore it, say Trump fans Wired: hashtag bring back Trump, say Trump fans https://twitter.com/...
Mollie Mansfield / The US Sun: Elon Musk ‘will find it easier to land rocket on Mars than change Twitter’, ex-Trump aide says
@fredbenenson: i didn't expect the former guy's intransigence and narcissism to work in our favor but here we are https://twitter.com/...
Patrick LaForge / @palafo: “I am not going on Twitter, I am going to stay on TRUTH,” Trump told Fox News. “I hope Elon buys Twitter because he'll make improvements to it and he is a good man, but I am going to be staying on TRUTH.” https://www.foxnews.com/...
Frank Luntz / @frankluntz: Donald Trump said today he will not return to Twitter, even if his account is reinstated after @ElonMusk takes over. Instead, Trump says he will begin using his Truth Social account within the next 7 days. https://www.foxnews.com/...
Chris O'Brien / @obrien: One thing I've learned is that you can always take Trump at his word. https://twitter.com/...
The Verge:
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans” — Elon Musk will buy Twitter for $45.5 billion — Twitter has accepted Elon Musk's offer to purchase the company for $45.5 billion …
Discussion:
Justin Horowitz / Media Matters for America: Banned Twitter users celebrate Elon Musk's takeover of the website
Evelyn Douek / The Atlantic: Running Twitter Is Going to Disappoint Elon Musk
Katherine Rodriguez / New Jersey Online: Elon Musk takes over Twitter in $44 billion buyout
Dave Pell / Substack: What Elon Strange Trip It's Been
Jordan Schachtel / The Dossier: Elon Musk is poised to Make Twitter Great Again
John Iadarola / @johniadarola: Great future we're building here, where billionaires sitting on piles on imaginary wealthy can just gobble up everything they want. If only there had been a literary genre warning us about this for decades. https://twitter.com/...
Sean Keeley / The Comeback: Twitter sports fans want Elon Musk to do 1 thing
Rusty Foster / Today in Tabs: Now He's Locked In Here With Us
Alex Sherman / CNBC:
Sources: rival strategies for CNN+, combined with unexpected events like Jeff Zucker's resignation and the Discovery merger, fueled the service's rapid demise — Chris Licht wasn't supposed to start his new job as CNN's chief until May. — But on Thursday he found himself addressing …
Discussion:
New York Times, @sherman4949, @mccarthyryanj, @pilhofer, @sherman4949, @bgrueskin, New York Post, @jaspar, @dangillmor, @margarita, @brianbrackeen, FTVLive, @realityblurred, @gabrielroth, @vivian, @lindsaygoldwert, @ggreenwald, @niemanlab, @niemanlab, @cnbci, @_richardhall, @jonlemire, @thrasherxy, @kromandavid, @nytimes, @teflongeek and @benmullin
Discussion:
Alex Sherman / @sherman4949: After many interviews and days of reporting, the main issue with CNN+ wasn't the launch or even the product as it exists. CNN+ is an example of two companies having an entirely different perception of CNN+ was supposed to be. My feature: https://www.cnbc.com/...
Ryan McCarthy / @mccarthyryanj: This comparison manages to completely misunderstand both CNN and the NYT. You don't need to hire McKinsey to tell you this makes zero sense https://www.cnbc.com/... https://twitter.com/...
Aron Pilhofer / @pilhofer: Epic postmortem on the CNN+ debacle. My takeaway: innovation in a big corporation is nearly impossible. CNN+ may never have reached its delusional subscriber #s, but that is part of the problem. I feel for all the people whose hard work went up in smoke b/c of corporate politics. https://twitter.com/...
Alex Sherman / @sherman4949: New York's hottest club is CNN+. This streaming service has everything: Ambiguously defined strategy, executive turnover, poor communication due to regulatory restrictions, hurt feelings, hundreds of layoffs, ominous future consequences... https://www.cnbc.com/...
Bill Grueskin / @bgrueskin: Comparing CNN+ to NYTimes' website, and then wondering why your bosses don't buy it. https://www.nytimes.com/... https://twitter.com/...
@jaspar: A lot of insight here about what the vision behind CNN+ actually was, and it does make a little bit more sense than I had given it credit for https://twitter.com/...
Dan Gillmor / @dangillmor: Utterly baffling that anyone at CNN expected people to subscribe when the flagship CNN product — the regular programming — wasn't available on this service... https://twitter.com/...
Margarita Noriega / @margarita: Part of the explicit job responsibilities of any executive should be to mitigate the potential harm that their decisions cause on people they hire. https://www.cnbc.com/...
Brian Brackeen / @brianbrackeen: “CNN hired consulting firm McKinsey to help with the operations of CNN+” Does @McKinsey have startup experience? Real question. I don't see why CNN would hire them to help “Startup” CNN+. Why not just buy a great startup and let them do strategy? https://www.cnbc.com/...
Scott Jones / FTVLive: The Failure of CNN+ — The New York Times is out with a piece about the very short life of CNN+.
Andy Dehnart / @realityblurred: This is a great analysis of the absolute folly that was CNN+, from concept to product. https://twitter.com/...
Gabriel Roth / @gabrielroth: Apparently CNN's new owners were also puzzled at the idea of launching a streaming service that didn't include CNN itself https://www.cnbc.com/... https://twitter.com/...
Vivian Schiller / @vivian: “Zaslav's team thought the NYT comparison was silly. NYT turned digital users into paying subs by putting their content behind a paywall...Zaslav's team felt the correct comparison was Fox Nation, which hasn't reached 2mm subs since launching in 2018” https://www.cnbc.com/...
Lindsay Goldwert / @lindsaygoldwert: The black turtleneck is officially a harbinger of “oh shit” https://www.nytimes.com/...
Glenn Greenwald / @ggreenwald: NYT: “The near-instant collapse of CNN+ amounted to one of the most spectacular media failures in years, a $300 million experiment that ended abruptly with ... careers in disarray.” “Fewer than 10,000 viewers were watching at any given time.” https://www.nytimes.com/...
@niemanlab: “CNN spent a lot of money and hired a lot of people while walking into a very visible buzzsaw.” https://www.niemanlab.org/...
@niemanlab: It wasn't hard to see this day coming on the day CNN+ was announced. It didn't take blowing hundreds of millions of dollars to figure it out. https://www.niemanlab.org/...
@cnbci: CNN+ was several months in the making. It will only last a few weeks. Here's the unusual inside story of the streaming service's rapid demise. https://www.cnbc.com/...
Richard Hall / @_richardhall: The thinking here appeared to be something like: People are abandoning cable news. If we replicate that format, put it on their phone or laptop, and charge people for it, maybe they will suddenly love it again. https://www.nytimes.com/... https://twitter.com/...
Jonathan Lemire / @jonlemire: “The next day, some unflattering statistics were reported by CNBC and Axios. CNN executives were dismayed. And they grew suspicious of their new superiors from Discovery, believing they had leaked the data to create a pretext to shut down the service.” https://www.nytimes.com/...
Dr. Thrasher / @thrasherxy: Deep dive into end of CNN+. Explains the merger part of the the collapse well. Doesn't explain how McKinsey planned for 15-20 million eventual subscribers while CNN+ only had 150,000. https://www.nytimes.com/...
David Kroman / @kromandavid: I forgot Audie Cornish left NPR for CNN+. This whole thing is so frustrating. https://www.nytimes.com/...
@nytimes: The near-instant collapse of CNN+ amounted to one of the most spectacular media failures in years, a $300 million experiment that ended abruptly. The corporate tug of war over its fate exposed deep philosophical divides about the future of digital media. https://www.nytimes.com/...
Javier E. David / @teflongeek: 'CNN must now emerge from one of the most chaotic periods in its history: the firing of its top-rated anchor Chris Cuomo; the ouster of its longtime president Jeff Zucker ... and the absorption of its parent company WarnerMedia by Mr. Zaslav's Discovery.' https://www.nytimes.com/...
Helen Davidson / The Guardian:
Hong Kong's Foreign Correspondents' Club scraps the Human Rights Press Awards days before its plan to announce the winners, citing national security law fears — Foreign Correspondent's Club's decision sparks outrage from journalists and resignations from press freedom committee
Discussion:
Reuters, Financial Times, @hkliberty_team, @suzannenossel, Financial Times and @danstrumpf, more at Techmeme »
Discussion:
James Pomfret / Reuters: Hong Kong's Foreign Correspondents' Club suspends top Asian human rights awards
Max Seddon / Financial Times: Live news updates: Russia to expel German consulate staff in tit-for-tat move
Hong Kong Liberty / @hkliberty_team: #HongKong Foreign Correspondent's Club suspends annual human rights press awards. A difficult decision for FCC, but under #NationalSecurityLaw, human rights & press freedom are non-existent. Our team continues to recognise journalists' hard work under NSL. https://www.theguardian.com/ ...
Suzanne Nossel / @suzannenossel: Another grim marker in Hong Kong's retreat into authoritarianism as Foreign Correspondent's Club @fcchk, a now flickering outpost of light in a darkening cityscape, scraps its renowned human rights awards https://www.theguardian.com/ ...
Charlotte Tobitt / Press Gazette:
Guardian, Financial Times, and Mirror journalists were excluded from the UK Home Secretary's trip to Rwanda, where she signed a controversial asylum seeker deal — Journalists from the Guardian, Financial Times and Mirror were allegedly blocked from joining Home Secretary Priti Patel's trip to Rwanda this month.
Discussion:
Pippa Crerar / @pippacrerar: Journalists from the Guardian, FT and Mirror were blocked from joining Home Secretary Priti Patel's trip to Rwanda. 👇https://pressgazette.co.uk/ ...
Sally Hayden / @sallyhayd: I wrote for CNN about how Rwanda heavily controls media meaning there won't be proper scrutiny of the UK deal. Now the UK side is doing the same: 'Guardian, FT and Mirror journalists “excluded” from Home Secretary's Rwanda trip' https://pressgazette.co.uk/... https://twitter.com/...
Alex Andreou / @sturdyalex: Propagandists-only event. https://twitter.com/...
Frances Ryan / @drfrancesryan: This is as embarrassing as it is sinister. By banning non-sycophantic newspapers, Priti Patel is simply proving her policy is so cruel and inept it can't handle being inspected by a democratic press. https://twitter.com/...
Alex Howard / @digiphile: “It is clearly not good practice to exclude some media from government briefings simply because they are willing to ask difficult questions.”-@FT Did @pritipatel break the Code of Conduct here, @10DowningStreet? https://gcs.civilservice.gov.uk/ ... What's happened to #OpenGov, @BorisJohnson? https://twitter.com/... https://twitter.com/...
Kevin Maguire / @kevin_maguire: Backhanded compliment, a badge of honour. “Guardian, FT and Mirror journalists ‘excluded’ from Home Secretary's Rwanda trip” https://pressgazette.co.uk/...
Dan Sabbagh / @dansabbagh: Left-leaning newspapers excluded by Home Office from travelling with Priti Patel to Rwanda as asylum deal announced. It's taxpayers money being spent here, yet crude, politicised efforts are made by ministers to amplify favourable coverage —> https://pressgazette.co.uk/...
Dan Bloom / @danbloom1: In case you were wondering why we weren't reporting from Rwanda the other week.. https://pressgazette.co.uk/...
Sonia Sodha / @soniasodha: This trend of government ministers impeding the work of the press in holding government to account is antithetical to democracy https://twitter.com/...
Lady Truth Sword / @thetruthsword: We're back to a media blackout again. When will journalists learn to all stick together and refuse to cover these events? Print a half page with nothing bar an agreed single headline highlighting the government's attempt at cover up. https://twitter.com/...
Fed Up Cassandra / @frances_coppola: Now I wonder why this might be... https://twitter.com/...
Lucas Shaw / Bloomberg:
Sources: Netflix staff morale is down amid its declining stock price, subscriber losses, and an engineering restructuring to create “junior” and “senior” levels — As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
Discussion:
@gergelyorosz, @tcarmody, @baekdal, @bigmeaninternet, @lucas_shaw, @michellemanafy, @techwontsaveus, @carnage4life, @lucas_shaw, CNBC, Protocol and The Information, more at Techmeme »
Discussion:
Gergely Orosz / @gergelyorosz: Scoop: levels are introduced at Netflix for engineers and there is no shortage in drama over decisions of who got to be Senior and who Staff. This happens every time a company introduces levelling. Except for most at Netflix: it's the first time ever they experience it.
Tim Carmody / @tcarmody: “Netflix still offers people the chance to make a lot of money... It is not collapsing. It is about as large as Disney+ and HBO Max combined. But Netflix felt invincible, a high-flying disruptor that grew and grew and grew.” Now it's just another company https://www.bloomberg.com/...
Thomas Baekdal / @baekdal: Oh please 🙄 ... there is nothing wrong with Netflix's long term outlook. (Seriously people, Netflix has tiny slump, and suddenly everyone is shouting “this is the end of streaming.") https://twitter.com/...
Malcolm Harris / @bigmeaninternet: They're gonna start having to bring back the goofy perks https://www.bloomberg.com/...
Lucas Shaw / @lucas_shaw: I've covered netflix for 11 years. I've never heard its employees as unhappy/uncertain as they are right now. That + some scooplets in this week's newsletter: https://www.bloomberg.com/...
Michelle Manafy / @michellemanafy: Netflix has always been a fairly flat organization but now it is restructuring teams in its engineering department to create levels - junior, senior and so on. Many employees view this as an effort to cut costs. https://www.bloomberg.com/...
@techwontsaveus: “A record decline in Netflix's share price...has shaken employees' confidence in the company's long-term trajectory. It has also erased the value of many employees' options. People who were sitting on 10s or 100s of thousands of dollars are left w/ nothing” https://www.bloomberg.com/...
@carnage4life: Netflix employee morale's taken a hit because the stock crashed and the company isn't going to give more RSU compensation. Given stock based compensation is a corporate expense, I don't expect many companies to grow costs given how the markets are moving. https://www.bloomberg.com/...
Lucas Shaw / @lucas_shaw: Netflix is restructuring some engineering teams. Employees see it as a cost-cutting move. The company says it's adjusting to its larger size. https://www.bloomberg.com/...
Kif Leswing / CNBC: As of Friday's close, Netflix had a $99.2B market cap, down from $300B+ in November 2021; Meta had a $532.6B market cap after passing $1T in June 2021
Allison Levitsky / Protocol: After its share price dropped 35%, Netflix employees want extra stock
Tim Peterson / Digiday:
Roku partners with Analytic Partners, Ipsos, IRI, and Nielsen to provide more ad data for marketing mix modeling and help it better compete with traditional TV — To catalyze the shift of TV ad dollars to streaming will require not only proof of streaming's performance but evidence of what makes it perform.
Todd Spangler / Variety:
Toni Reid joins YouTube as VP of product management to oversee Shorts, Gaming, livestreaming, and community products, after 24 years at Amazon — Toni Reid, after 24 years at Amazon, is joining YouTube as VP of product management to lead the video platform's Emerging Experiences and Community team.
Discussion:
Margaret Sullivan / Washington Post:
Joe Kahn's openness to criticism can help The New York Times, which hasn't had an ombudsman since 2017, rethink its approach to politics and government coverage — I know him. Here's why I think he might be the man for this perilous moment. — Unlike The Washington Post …
Discussion:
@jamesfallows, @lisatozzi, @taylorlorenz, @porter_anderson, @washingtonpost, @amlwhere, @jayrosen_nyu, @jeffjarvis, @kheller, @kimzetter, @ericswalwell, @jayrosen_nyu, @wajahatali, @michelemclellan, @digiphile, @mickimaynard, @mattgurney, @rschles, @sulliview, @jayrosen_nyu, @sulliview, @kbandersen and @byronyork
Discussion:
James Fallows / @jamesfallows: 1/2 Positive piece by @Sulliview on why new NYT leadership is coming at the right time. And she draws on first-hand experience. https://www.washingtonpost.com/ ... https://twitter.com/...
Lisa Tozzi / @lisatozzi: Here's @Sulliview nailing the core challenge facing NYT and its new top editor https://www.washingtonpost.com/ ... https://twitter.com/...
Taylor Lorenz / @taylorlorenz: “this moment calls for— no, screams for — a different approach to politics & government coverage.” Not just politics and govt coverage, but media/tech coverage too. We desperately need newsroom leaders who understand the internet. Great piece by @Sulliview https://www.washingtonpost.com/ ...
Porter Anderson / @porter_anderson: Media: @Sulliview: “The immense influence of the @nytimes on the entire media world is a huge responsibility. @nycscribe is more likely to meet this crucial moment than anyone else who could have been chosen.” https://www.washingtonpost.com/ ... @washingtonpost https://twitter.com/...
@washingtonpost: Perspective: “The immense influence of the Times on the entire media world is a huge responsibility. Kahn is more likely to meet this crucial moment than anyone else who could have been chosen.” https://www.washingtonpost.com/ ...
Ann Marie Lipinski / @amlwhere: “Our very democracy is on the brink, and how the Times covers that existential threat is of extraordinary importance, especially as crucial elections approach this fall and in 2024.” @Sulliview https://www.washingtonpost.com/ ...
Jay Rosen / @jayrosen_nyu: This, this is the question. Thank you, @sulliview https://washingtonpost.com/... Those in the trade who cannot face this question will allow it to be misheard: as how much “opinion” can be permitted, as the prohibition on “taking sides,” or as the scourge of “advocacy.” [Corrected]
Jeff Jarvis / @jeffjarvis: I would love to share @Sulliview's hope and for a time I will. Perspective | Joe Kahn can be a great New York Times editor https://www.washingtonpost.com/ ...
Karen Heller / @kheller: “Openness to criticism is not a primary characteristic of high-ranking media executives.” @Sulliview https://twitter.com/...
Kim Zetter / @kimzetter: An important quality for both editors and reporters: “Kahn...had the ability to put his emotions to the side and to listen, without bristling, to reader complaints and to consider adjustments.” https://www.washingtonpost.com/ ...
Eric Swalwell / @ericswalwell: “Will the paper's coverage forthrightly identify the problems posed by a radicalized GOP that is increasingly dedicated to lies, bad-faith attacks and the destruction of democratic norms, or will it try to treat today's politics as simply the result of bipartisan “polarization”?” https://twitter.com/...
Jay Rosen / @jayrosen_nyu: This, this is the question. Thank you, @Sulliview https://www.washingtonpost.com/ ... Those in the trade who do not want to face this question allow it to be misheard: as how much “opinion” is permitted, as the prohibition on “taking sides,” or as the scourge of “advocacy.” [Corrected] https://twitter.com/...
Wajahat Ali / @wajahatali: This is it. This is the challenge for all media outlets: “Our very democracy is on the brink, and how the Times covers that existential threat is of extraordinary importance, especially as crucial elections approach this fall and in 2024.” https://www.washingtonpost.com/ ...
Michele McLellan / @michelemclellan: Insightful column as usual from @Sulliview. But openness to criticism would be a pretty low bar in any organization whose culture isn't defensive and arrogant. https://twitter.com/...
Alex Howard / @digiphile: “adherence to the press's true mission and highest calling demands journalism that discards the safety-seeking instinct for false equivalency”— @Sulliview https://www.washingtonpost.com/ ... “this moment calls for — no, screams for — a different approach to politics & government coverage”
Micheline Maynard / @mickimaynard: “...I'm hopeful that Kahn will understand that this moment calls for — no, screams for — a different approach to politics and government coverage. To get there, he'll need to seek out and listen to voices who can speak truth to his new power.” https://twitter.com/...
Matt Gurney / @mattgurney: Could the core challenge for American democracy actually be that even if the NYT covers the upcoming elections precisely as @Sulliview proposed, that might actually just be effectively weaponized by the GOP as it advances to victory? Are we SURE NYT criticism will hurt, not help? https://twitter.com/...
Robert Schlesinger / @rschles: ‘All politics is normal’ is the problem. https://twitter.com/...
Margaret Sullivan / @sulliview: This moment in history calls for — no, *screams* for — a vastly different approach to politics coverage. So let's go, @nycscribe https://twitter.com/...
Jay Rosen / @jayrosen_nyu: This, this is the question. Thank you, @sulliview. https://www.washingtonpost.com/ ... Those in the trade who do not want to face this question simply allow it be misheard: as how much “opinion” should be allowed, as the prohibition on “taking sides,” or as the scourge of “advocacy.” https://twitter.com/...
Margaret Sullivan / @sulliview: Joe Kahn can be a great New York Times editor — if he employs a particular strength I know him to have. My column (which warns of what happens if he doesn't): https://www.washingtonpost.com/ ...
Kurt Andersen / @kbandersen: @Sulliview: “Will the paper's coverage forthrightly identify the problems posed by a radicalized Republican Party dedicated to lies and destruction of democratic norms, or treat today's politics as simply the result of bipartisan ‘polarization’?” https://www.washingtonpost.com/ ...
Sky News:
The UK's Commons Speaker summons Mail on Sunday's editor over an article citing MPs saying Labour leader Angela Rayner distracted Boris Johnson with her legs — Boris Johnson said he deplored the article about Labour's deputy leader and Labour leader Sir Keir Starmer said the “misogynist” culture at Westminster must change.
Discussion:
Heather Stewart / The Guardian: Angela Rayner hits out at ‘sexism and misogyny’ in politics
Jack Maidment / Telegraph: Sir Lindsay Hoyle calls meeting with Mail on Sunday editor over ‘demeaning’ Angela Rayner story
@ajs77: @campbellclaret Mail on Sunday political editor Glen Owen's shabby, scabby, sexist, misogynistic attack on Angela Rayner this morning isn't a one-off by the Mail Group. Let's recall this front page photo of Nicola Sturgeon & then-Prime Minister Theresa May back in March 2017 👇 #DontBuyTheMail https://twitter.com/...
@pressgazette: At time of writing press regulator IPSO has received 5,500 complaints about the Mail on Sunday Angela Rayner article alleging inaccuracy, harassment and discrimination https://pressgazette.co.uk/...
James Doleman / @jamesdoleman: People blaming the journalist who was bylined on that disgusting Mail on Sunday story about Angela Raynor. Don't forget though, an editor accepted the pitch, a news editor approved it and the legal team checked it. It's not about one person, it's about the institution itself.
James Oh Brien / @mrjamesob: David Dillon & Glen Owen, respectively the editor & political editor of the Mail on Sunday, become the latest Johnson sycophants to be disowned while their lips are still attached to his ring. Another lesson for the countless other client journalists.
Douglas Henshall / @djhenshall: What to say about that article in the Mail on Sunday. To sit down at a computer and write something like that and then have it signed off by your editor says a lot about where we are at as men. It's so fucking depressing. It's outrageous. Women deserve so much better.
Matt Chorley / @mattchorley: Say what you like about the absurd Mail on Sunday story, but it is mad to suggest that who gets to report in parliament should be decided by politicians, or Twitter. The answer is don't buy the MoS, not seeking to be a state-approved journalist who only writes nice things.
@davesgould: I usually get really pissed off with people having a pop at journos. Too often, it's oversimplified and childish. But the people behind that Angela Rayner piece in the Mail on Sunday need to take a long look at themselves.
Rachel Clarke / @doctor_oxford: This disgustingly misogynistic piece was written by Glen Owen, political editor of the Mail on Sunday. But subs, designers & editor David Dillon all thought it just fine to print shockingly, repulsively misogynistic trash about a senior political figure in 2022. Shame on you all. https://twitter.com/...
Andrew Sparrow / The Guardian: Speaker summons Mail on Sunday editor to meeting to discuss sexist article about Angela Rayner - as it happened
Dmitry Grozoubinski / @dmitryopines: The Mail on Sunday story is a stain on everyone involved in briefing it out, writing it, editing it, and approving it for circulation. Multiple people thought it was not only acceptable, but useful in defence of the Prime Minister. Not sure what that says about them, or him.
Brendan May / @bmay: I assume the reason the Mail on Sunday hasn't sacked either the journalist or the editor who published the Angela Rayner story is that they have no policy for people who bring the paper into disrepute, because there is absolutely no reputation to tarnish in the first place.
Otto English / @otto_english: Of all the revolting things in that Angela Rayner hit piece in the Mail on Sunday this ranks high. Dripping with contempt for anyone who hasn't been privately educated or been to Oxbridge or afforded all the connections and privilege that come with it. https://twitter.com/...
Peter Oborne / @obornetweets: The shameful Mail on Sunday story about the Deputy Leader of the Labour Party highlights a congenital problem in British political journalism. This is the use of unnamed Tory “sources” to smear and defame political opponents with outright falsehoods, fabrications and lies.
Jon Stone / The Independent: Speaker summons Mail on Sunday editor to meeting after sexist article about Angela Rayner
Katherine O'Donnell / @kathy__odonnell: When Ted Verity was appointed editor of the Daily Mail and Mail on Sunday, I tweeted that he was one of the most wretched, inadequate people I'd ever worked with in journalism. Now you can see why. https://twitter.com/...
Josh Ye / Reuters:
Sources: Tencent-controlled Chinese video game streaming service Huya, which rivals DouYu, plans to lay off hundreds of staff; Huya had 2,075 employees in 2020 — Chinese video game streaming site Huya (HUYA.N) has started laying off staff, three sources close to the matter said …
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