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 […]
Even though life is emerging following our COVID-19 lockdown, it’s not exactly time to celebrate defeating the insidious virus just yet. CDC officials warn that once a resurgence of the virus hits this winter, it could prove even more disastrous for the U.S. healthcare system than the opening salvo. That would follow the pattern suffered […]
When you were 10 and your mom demanded you finish your vegetables or go to your room, you were mad. Even as kids, we hated it when we were ordered to do something. Car insurance is a federal mandate, yet that’s only one of the reasons why most Americans would rather do just about anything […]
We all know the drill. As the overlords of the smartphone and tablet markets, the braintrust at Apple very seldom hold sales on their signature devices. So rather than spending almost $1,000 on a brand-new iPad Pro, the folks in Cupertino are instead giving you the opportunity to score one for about a third of […]