5min chapter

"Moment of Zen"  cover image

E21: Ben Smith of Semafor on tech-media hostility, and the past, present, and future of media

"Moment of Zen"

CHAPTER

The Delusional Theory of Social Media

The theory was that the new digital networks primarily social media are these distribution networks like cable in the 80s. Most of the value was just captured by incumbents whether it's Facebook and Twitter or New York Times on the other hand is that too simplistic or is that accurate? I think right like the talent the ideas the tech didn't turn out to be things that the incumbents could copy or hire or you know build, he says. Ben: The thing that maybe for this audience is more interesting than for a lot of people I talked to but that I'm so totally hung up on is going back.

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