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 […]
Anyone who’s ever been fishing can attest to the fact that it can be mind-numbingly boring at times, which is where the intrepid GoFish Cam Wireless Underwater Fishing Camera comes into play. This WiFi-enabled camera will help you catch more fish and have more fun while you’re doing it, thanks to a 1080p lens that […]
Boxed wines have come a long way since their admittedly subpar debut, and it’s now possible to grab a box of wine that delivers a surprising amount of flavor and body for a price that won’t break the bank. This Boxxle Premium Wine Dispenser makes it even easier to enjoy your favorite bag-in-box wine by […]
If you’re interested in either beginning or furthering a career in graphic design, you need to have a thorough understanding of Adobe’s famed editing and illustration tools, and these bundles will get you to where you need to be for a fraction of what you’d pay for an in-class education. 1. The Essential Adobe Photoshop […]