Mission Motors didn't close because of Apple
asphaltandrubber.com
asphaltandrubber.com
Expertise and research take time, and therefore are expensive. Reuters can't afford to pay someone to have deep expertise. So she gets pitched on something and pushes it out without much thought, it gets some clicks, and no one cares.
Almost every time I read a piece in the mainstream media about something I understand really well I'm baffled at how badly the press machine we've set up (and inexplicably trust) can butcher it. Then I think about that experience the next time I read about something I don't know much about.
In the age of the Internet (with the monetization of the Internet) the structure of traditional news is fundamentally flawed.
Today, there has been an explosion of news outlets, but each one has little time or resources to do deep reporting. But because there are so many, they are highly incentivized to attack each other's stories, to gain traffic.
I'm not sure that one way is worse than the other, from the audience perspective. Today's news cycle is in some ways more transparent--the first take goes public, then the fact check goes public, then the second take goes public, then the second fact check, etc. And it's all discussed in detail between anyone who's interested--like here on HN, or on Facebook, Twitter, blogs, etc.
Let's call it a transition from a monolithic "wait until correct" model to a distributed "eventually correct" model.
That said, it may be corrosive to the reputation of news operations in general, because they are so frequently publicly challenged and wrong.
Buzzfeed consistently does as much traffic as all local newspapers combined.
Maybe in the longterm it all evens out, but right now traffic is traffic.
This is how I feel about press, movies, TV, etc.
That's ridiculous. That's like saying 'I know drinking sea water will kill me, but, being stuck out at sea, there isn't anything else to drink and it's better than nothing.' It's completely false. There are better alternatives and yes, blogs are one of them, but even if there weren't, reading/watching nothing is better than reading/watching the news.
But it's pretty obvious what you brought up doesn't apply to Guardian, Huffington Post Arabic, Vox and Salon which is quality stuff that I like.
It's flawed because we let it be flawed from personal bias. I think it was Spiegler that has around 80 fact checkers all around. What's your take on that?
But yeah, boo Daily Mail, yay Salon because I am smart enough to tell quality from tabloids.
>Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray's case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper's full of them. In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.
http://www.goodreads.com/quotes/65213-briefly-stated-the-gel...
I have a theory that a lot of companies become great because of the output of those absolutely superb (but not necessarily self-promoting) employees who create 95%+ of the intellectual output of the startup, while all the the credit goes to those who promote themselves.
Snag those great employees, kill the company.
https://stratechery.com/2015/in-defense-of-the-new-york-time...