Almost 100 people working for CollegeHumor in Los Angeles and New York were let go yesterday, reports Bloomberg. The owner, Barry Diller's IAC, sold the brand to its chief creative officer. Only "five to 10 people" remain employed.
CollegeHumor suffered the same fate as Funny or Die, which went through rounds of layoffs in recent years. Why did these media companies, which make good content, fail so spectacularly? Because they trusted Facebook, which wooed them to its platform with grossly exaggerated viewer metrics. CollegeHumor and Funny or Die staffed up to meet the imaginary demand, then Facebook pulled the rug out from under them.
Adam Conover, who worked for CollegeHumor, explained the situation in a Twitter thread:
Facebook, which was sued by advertisers for cooking its stats, settled out of court for $40 million and steadfastly refuses to admit any wrongdoing.
Everyone knows Facebook is doing the opposite of helping ensure the integrity of the 2020 election, so it makes sense it would pay Teen Vogue to run a fake article titled “How Facebook Is Helping Ensure the Integrity of the 2020 Election.” When the article ran on Wednesday, Sheryl Sandberg, Facebook’s machiavellian chief operating officer […]
“Investors are bailing” from Facebook, writes CNN Money. The share price for the disgraced social media firm has dropped 30% since July. Facebook has had a hard time shaking its image as a firm that happily violates users’ privacy, manipulates users emotional well-being, doesn’t take proper steps to secure users’ data, courts advertisers interested in […]
Artist Benjamin Grosser created a browser plugin called Safebook, which removes the content from Facebook. Useful! Given the harms that Facebook has wrought on mental health, privacy, and democracy, what would it take to make Facebook “safe?” Is it possible to defuse Facebook’s amplification of anxiety, division, and disinformation while still allowing users to post […]
The importance of reading is well documented. About half of America’s unemployed between 16 and 21 years old are functionally illiterate. And there’s an almost direct line between how much you read and your earning potential, with the richest Americans three times more likely to read than those with a household income below $30,000. However, […]
As the world has shifted the last few months, it’s very likely your assortment of EDC items has changed too. While you’re still looking to slim down the number of items you have to tote around every day, there’s a good chance you’re keeping an even tighter focus on how safe those items are and […]
Building blocks are among a child’s first, and arguably, most important, toys. Once they start stacking one tentatively on top of another, the blocks not only spark waves of creativity, but actual real-world understanding of scientific principles like engineering and physics. It wouldn’t even be a stretch to call blocks on of the first true […]