Tech Companies Are Destroying Democracy and the Free Press [The New York Times]
Meta Platforms, Inc. - Class A (FB)
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Source: The New York Times
Opinion | Tech Companies Are Destroying Democracy and the Free Press - The New York Times As the presidential election approaches, the cracks in the digital facade are once again showing. Facebook just removed an “I Love America” page, run by Ukrainians to influence the 2016 election As it turned out now run These two phony Facebook pages illustrate the crisis of the free press and democracy: Advertising revenue that used to go to quality journalism is now captured by big intermediaries, and some of that money now goes to dishonest, low-quality and fraudulent content. This is the first presidential election happening after the model for journalism dropped 47 percent 1,300 communities fell by 20 percent The signaling functions of news brands and the cultural barriers meant to guard against distorting effects of advertising have broken down. In their place, a dysfunctional information ecosystem has emerged, characterized by polarization, addiction and conspiracy theories. In Europe an
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