Formerly Open Tech Companies Now Tightly Control Access to the Latest Breakthrough Media Technologies

Shaken Not Stirred

Coinkydink or Not?  All of Facebook's properties go down due to networking "configuration changes". Then TikTok goes out for a few hours. Shortly after, a massive Twitch hack due to a "server configuration change" releases just about everything of note from the streamer including source code, earnings for top streamers and much more. To quote Bond super-villian Goldfinger, "Once is happenstance. Twice is coincidence. The third time its enemy action."

Wheel of Snapchat! It started out so well – Snapchat spent a million dollars a day to get creators to post short videos on Spotlight. But it didn’t last long. Now instead of paying creators outright it plans to enter them into a raffle instead. In other words, if you make great Snap Spotlight content, you earn the right to maybe, possibly, perhaps win a few bucks. Imagine if I tried that at VidCon. “Hey team, love all the great work you’re doing! You’ll all be entered into my ‘VidCon Challenge’, where one lucky employee actually gets paid each week”. That won’t fly here – and likely won’t incent creators either. Even if they could get Vanna White to hand out the prizes.

So much for IGTV.

Rewind is Dead too.

Facebook encourages hate speech for profit, says whistleblower: The whistleblower behind the leak of an enormous cache of Facebook documents to the Wall Street Journal, Frances Haugen, went public on 60 Minutes on Sunday, revealing more of the inner workings the most powerful social media platform in the world. Revealing her identity on national television, Haugen described a company so committed to product optimization that it embraced algorithms that amplify hate speech.

BOOK TOK!

Podcaster Shaan Puri is launching an experimental 1 of 1 NFT///  This is an experimental 1 of 1 NFT. This token gives the holder the right to 5 minutes of airtime on the My First Million Podcast.

THE FACEBOOK FILES - Wall Street Journal Facebook Inc. knows, in acute detail, that its platforms are riddled with flaws that cause harm, often in ways only the company fully understands. That is the central finding of a Wall Street Journal series, based on a review of internal Facebook documents, including research reports, online employee discussions and drafts of presentations to senior management.

Disturbing Portrait of TikTok Celebrity: The reality TV show starring Charli D’Amelio and family dropped a week ago, and it paints a disturbing portrait of how fame twists and assaults vulnerable teens.

Is Instagram Censoring us? - https://www.instagram.com/p/CRrajNYlL3f/?utm_medium=copy_link

One YouTube subscriber = 25 TikTok subscribers according to new financial services firm

YouTube releases Tip Jar - or did they update one from 7 years ago?  YouTube Intros Super Thanks, Tip-Jar Feature for Creator Channels - Variety

Facebook is finally a media company - https://www.theverge.com/21273768/section-230-explained-internet-speech-law-definition-guide-free-moderation

NFTs FTW

Why Can’t Other Platforms Pay Creators Like YouTube? VidCon founder Hank Green’s latest rant on TikTok shows – yet again – that YouTube dominates in compensating creators. In 2020 Big Red paid out about 50% of its $19 Billion in revenue to creators. Hank also notes that even though TikTok trumpets its billion-dollar creator largesse, that’s only 7% of Double T’s estimated 2020 revenue. Using Niel Robertson’s round-up of creator grants, the other platforms are also far behind.   Snap’s $365M payout is 18% of its 2B in 2020 revenue – much better but still not YouTube level. Pinterest is nowhere, with 1+% of 2020 revenue.  LinkedIn, as usual, remains a big fat 0%. These figures – more than anything else – are exactly why creators are moving from platforms to Web3-style owned connections with their communities.  They are tired of giving away their milk for free.

The future of online retail looks a lot like QVC, with live streams of influencers, including dogs, doing the hawking

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