[Hell of a week for Big Tech]
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MEDIA BITS AND BYTES – NOVEMBER 15, 2022  
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November 15, 2022
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_ Hell of a week for Big Tech _

Credit, Dave Whamond | Cagle Cartoons

 

* Crypto Crack-up
* Twitter in Freefall
* Big Five Earnings Outlook
* Murdoch vs Trump
* News Industry Guessing Games
* Hollywood Braces for Labor Strife
* Why Global News is Essential
* _American Prospect_ is Listened To
* The Police Beat Algorithm
* How to Set Up Mastodon

CRYPTO CRACK-UP
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By Avery Hartmans
Insider

Crypto tycoon Sam Bankman-Fried and his exchange platform, FTX,
imploded this week. It's a confusing saga that involves massive
financial losses, a bankruptcy filing, and potential federal
investigations. But FTX's downfall has also stoked fears that there's
a bigger crypto reckoning on the horizon.

TWITTER IN FREEFALL
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By Natasha Lomas
TechCrunch

The real $44BN question is who will pay the biggest price for Musk’s
decision to devalue veracity on Twitter? The billionaire lord or
everyone else; the ‘peasants’ in this analogy, who can do nothing
but wait to find out; aka, all the Internet users and people whose
societies and democracies are being targeted for levelling down by
disinformation purveyors

BIG FIVE EARNINGS OUTLOOK
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By Sunil Dhawan
Financial Express

The earnings bombshells from Amazon and Meta and sub-par releases
from Alphabet and Microsoft have cast doubt on long-held assumptions
about the sustainability of these technology leaders’ earnings
power.

MURDOCH VS TRUMP
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By David Bauder
Associated Press

Trump has taken some hits in the aftermath of the midterm elections,
but the unkindest cuts may have come from a source that was once among
his biggest backers — the media empire of magnate Rupert Murdoch.

NEWS INDUSTRY GUESSING GAMES
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By Walter Shapiro
The New Republic

We are just coming off congressional elections when the media
couldn’t get the storyline right 24 hours in advance. Yet before all
the 2022 races are even decided, the pundit parade—without a hint of
humility—is eagerly handicapping what will happen at the conventions
in the summer of 2024.

HOLLYWOOD BRACES FOR LABOR STRIFE​​​​​
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By Cynthia Littleton, Joe Otterson and Matt Donnelly
Variety

The outlook for the next six months is starting to look a lot like it
did in the summer and fall of 2007, the last time the entertainment
industry’s biggest employers faced a work stoppage with the Writers
Guild of America.

WHY GLOBAL NEWS IS ESSENTIAL
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By Tamara Pearson
CounterPunch

When a global news site has ten consecutive articles on various
aspects of a non-lethal building fire in New York, but just one story
about a massacre in Sudan, readers absorb the idea that what happened
in New York is of greater importance. Over time, people learn that
richer countries and the people in them are much more important than
poorer countries.

_AMERICAN PROSPECT_ IS LISTENED TO
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By Robert P. Baird
Columbia Journalism Review

It has only been recently that the political philosophy espoused by
the _Prospect_ has found a wider constituency. Democratic
politicians no longer assume that DLC-style neoliberalism is the only
politically viable answer for America’s ills. The sorts of ideas
the _Prospect_ has long advocated are now getting a mainstream
hearing.

THE POLICE BEAT ALGORITHM
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By Charlton McIlwain
Slate

The quest to build a more racially just and equitable society happened
right alongside the computer revolution. Soon the two fused with the
advent of the Police Beat Algorithm, a software system to help police
departments collect crime data and determine where to focus
crime-fighting efforts.

HOW TO SET UP MASTODON
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By Andrew Orr
AppleInsider

Instead of creating a single unified platform, ala Twitter, the
Mastodon protocol allows anyone to use open-source software to boot up
a server that hosts a Twitter-style community with its own rules. The
lack of profit motive and canny design could discourage harassment and
abuse, and provide users more control.

* cryptocurrency
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* Sam Bankman-Fried
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* FTX
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* twitter
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* Elon Musk
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* Big Tech
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* Donald Trump
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* Rupert Murdoch
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* news
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* 2022 Elections
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* global news
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* the american prospect
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* police beat algorithm
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* Electronic surveillance
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* Mastodon
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