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12:25 PM ET, October 26, 2021

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 Top News: 
Wall Street Journal:
Internal docs show frequent heated debates among Facebook staff and execs about how to rank, fact check, and moderate content of right-wing pubs like Breitbart  —  Employees allege content rules aren't enforced for Breitbart and other right-wing publishers for fear of public blowback …
RELATED:
Ben Smith / New York Times:
How Frances Haugen maximized the impact of her leaked Facebook documents, rolling them out first to WSJ and then broadening to a large group of outlets  —  In a time of mega-leaks, journalists' sources have become power players.  Frances Haugen, the former Facebook executive who shared company documents …
Charlie Warzel / Galaxy Brain:
Sources say no restrictions were placed on sharing of Facebook Papers, so media outlets should model transparency and make them publicly accessible  —  OK, STRAP IN, NERDS:  —  Charlie Warzel @cwarzel  —  legitimately don't know how to consume this much facebook news  —  October 25th 2021
The Information:
More than 12 news outlets, including AP and Fox Business, form a consortium to sift leaked Facebook docs from Frances Haugen, reporting stories separately
Sara Fischer / Axios:
Good Information Inc., funded by Reid Hoffman and others, launches to invest in media companies that tackle misinformation  —  A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.
Ben Hubbard / New York Times:
Citizen Lab: the iPhone of Ben Hubbard, an American reporter for NYT, was hacked in 2020 and 2021, likely by Saudi Arabia using NSO's Pegasus; NSO denies claim  —  Invasive hacking software sold to countries to fight terrorism is easily abused.  Researchers say my phone was hacked twice, probably by Saudi Arabia.
Stephanie Condon / ZDNet:
Facebook says Q3 ad revenue grew 33% YoY to $28.28B but warns of “continued headwinds” in Q4 due to Apple's ATT changes in iOS  —  The social media giant also expects its “metaverse” investments will reduce operating profits by $10B for FY 2021, as it begins breaking out Facebook Reality Labs as its own business segment
Dan Froomkin / Press Watch:
Interview with LA Times politics columnist Jackie Calmes, who calls on reporters to end false equivalence by never using quotes with lies without refuting them  —  Jackie Calmes, a veteran former New York Times White House reporter, lit up media Twitter over the weekend with a powerful …
Financial Times:
Fox launches Fox Weather in a new HQ with 120 meteorologists and a ceiling that changes color with the weather, as critics say it will face credibility issues  —  TV channels bet that reports of increasingly extreme climate can pull them out of a ratings nosedive
Todd Spangler / Variety:
Cameo makes its first acquisition, buying Represent, which develops and operates direct-to-fan ecommerce sites for celeb clients like Leonardo DiCaprio  —  Cameo, the startup that has built a fast-growing business selling video shout-outs from celebrities (and others), is extending into a new line of fandom business.
Stephen Witt / New Yorker:
Profile of Patrick Soon-Shiong, a controversial doctor who bought LA Times with “little due diligence” thinking owning it would be “easier than curing cancer”  —  The billionaire doctor has become one of Los Angeles's most prominent civic leaders, after a boundary-pushing ascent in medicine.
 
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 More News: 
Ashley Carman / The Verge:
Internal presentation details Amazon's “Project Mic”, a live audio app that lets users host radio shows, complete with music, focused on the US initially
@novaramedia:
YouTube deletes the channel of left-wing outlet Novara Media without warning; Novara says it is among the UK's top 50 most watched news channels
 Earlier Picks: 
Alison Weissbrot / Campaign:
GroupM and Hogarth partner on an addressable content practice that combines performance targeting with personalized messaging and content
Discussion: Ad Age
Sarah Scire / Nieman Lab:
Vox Media's branded podcast More Than This features an “immersive transcript” rich in visuals for audiences that are deaf and hard of hearing
Cynthia Littleton / Variety:
The “Rust” tragedy reflects troubling trends on sets, including inexperience and complacency, as production companies cut costs to keep up with content demand
 

 
From Techmeme:

David Weston / The Official Microsoft Blog:
Microsoft estimates that CrowdStrike's update affected 8.5M Windows devices, or less than 1% of all Windows machines

Steven Levy / Wired:
A look at Marc Andreessen and Ben Horowitz's self-interested Trump support, including the “final straw”, a Biden proposal to tax unrealized capital gains at 25%

OCCRP:
An investigation details how scammers are using crypto ATMs to commit fraud; the FBI says US losses from scams carried out via crypto ATMs was $120M+ in 2023

 
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