The entire news business model has been blown away. They haven’t even tried to come up with something new. Second part of this after the bitcoin explanation:http://bit.ly/2S8KZis
Covington + recent layoffs reminded me of this prophetic thread.https://twitter.com/naval/status/912705663234539520 …
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Pessimistic in a way. Now that everyone has a camera on them there is less of a need for journalists to do fact finding. And the perception of Covington incident wasn’t shaped by all the journalists in the world but the “Hebrew” group’s home video
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Great thread. One reason why signaling goods over facts happened is because skepticism flows slowly while information via social media is incredibly fast. The path of least resistance is to signal status. In ways it always has been, but ours is a rapidly moving info age.
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