“You go back to this Silicon Valley culture and people say, ‘Well, could you have not sold?’ and the answer is no,” he said, referring to his decision to make the “rational choice” to take “a boatload of money." In doing so, he also criticized the profit models driving today’s tech behemoths, including Facebook and Google, as well as the Silicon Valley ecosystem in which entrepreneurs are pressured to chase venture capital and large exits to satisfy employees and shareholders. Thomson Reuters Foundation, the philanthropic arm of Thomson Reuters, funds the Reuters Institute.WhatsApp cofounder Brian Acton defended his decision to sell his company to Facebook for $19 billion and encouraged students to delete their accounts from the social network in a rare public appearance at Stanford University on Wednesday.Īs one of the guest speakers for Computer Science 181, an undergraduate class focused on technology companies' social impact and ethical responsibilities, Acton, a 47-year-old Stanford alum, explained the principles behind founding WhatsApp and his fateful decision to sell it to Facebook in 2014. The Reuters Institute for the Study of Journalism is a research center at the University of Oxford that tracks media trends. "The challenge for publishers now is to ensure that the journalism they produce is truly distinct, relevant and valuable, and then effectively promoting it to convince people to donate or subscribe." "The verdict is clear: people find that some news is worth paying for, but much of it is not," said Rasmus Kleis Nielsen, director of research at the Reuters Institute. The so-called "Trump Bump" increase in subscriptions to news media has been maintained though more than two-thirds of respondents were unaware of problems in the news industry and thought most media were making a profit from digital news. News brands with a broadcasting background and a long heritage tended to be trusted most, with popular newspapers and digital-born brands trusted less. ![]() In the United States, local television news and The Wall Street Journal were the most trusted news brands while in the United Kingdom it was BBC news and ITV news.įox News and Breitbart were trusted more by those on the right of the political spectrum in the United States while those on the left trusted CNN more. The YouGov polling for the Reuters Institute was conducted mostly before Facebook, facing criticism for algorithms that may have prioritized misleading news, adjusted the filters on its News Feed in January.įacebook and Twitter are still used by many users to discover news but the discussion then takes place on messaging apps such as WhatsApp, often because people feel less vulnerable discussing events on such apps.įewer than half of people surveyed across the world said they trusted the media most of the time, though in the United States just 34 percent said they trusted most news, most of the time, down 4 points. The research lays bare the volatility of consumer tastes as the news industry tries to grapple with the impact of the internet and smartphones that have transformed both the way people consume news and the way media companies make money. ![]() "We continue to see a rise in the use of messaging apps for news as consumers look for more private (and less confrontational) spaces to communicate," Newman said. ![]() "The use of social media for news has started to fall in a number of key markets after years of continuous growth," Nic Newman, research associate at the Reuters Institute for the Study of Journalism, said in the Digital News Report. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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