Thursday, June 10, 2021

Social Media News: Facebook, google bribery of local news outlets

 

Updated information: October 15, 2021


Mark Zuckerberg's stranglehold on Facebook could put the company at risk.  With 55% of the company's voting shares, Zuckerberg has majority power over the company — and experts are saying he's "the most powerful person who's ever walked the face of the earth." They explain why that's problematic.

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We all saw all the digital censorship ongoing and started looking for alternative ways to get real NEWS. Here is an article by Reuters that clarifies what's happening behind the scenes.

As I always say "follow the money"

So most of the news we here isn't true news, it's all CONTROLLED!!

Many of us now use duckduckgo.com -

It's good to find out the list of news outlets they PLEDGED millions, so that we unsubscribe from them!!

Do you have a list? Please add to comments section. Thank you in advance 

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Here is what my search resulted in trying to find out which news outlets were pledged millions of $$$$

 

Google, Facebook pledged millions for local news. Was it enough?

By Helen Coster, Reuters

partial info:

(Reuters) - Facing regulatory and political pressure, Facebook ( FB )



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and Alphabet Inc's ( GOOG )


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Google in recent years committed a combined $600 million to support news outlets globally - many of them local or regional enterprises foundering in a digital age.

Thousands of media outlets received financial and other support for everything from fact checking and reporting to training, according to the tech giants' announcements. Some publishers express gratitude for contributions they say are essential as advertising revenue has plunged.

But several media analysts and news business executives told Reuters that the funding - set to last three years - does not nearly compensate for the tens of billions of dollars publishers lost as the tech companies gobbled up the digital advertising market. Google and Facebook ( FB )



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accounted for 54% of U.S. digital advertising revenue in 2020, according to eMarketer, a market research company.

Some critics dismissed the projects, including contributions of $300 million from each company, as a way to blunt complaints from publishers and generate good PR. Both tech companies face battles over compensation for news content worldwide, as well as antitrust lawsuits from regulators and publishers. 

read complete information by clicking here

 

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