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Bad Bets

People vs Algorithms

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Navigating Bad Bets in Media and Tech

This chapter examines the concept of 'bad bets' in media and technology, focusing on past predictions and investments, particularly around major players like Meta and traditional media companies. It discusses the evolving landscape of content creation and distribution, highlighting the challenges faced by organizations adapting to the digital age and the impact of AI. The chapter also emphasizes the importance of flexibility in labor relations and the rise of unionization among media professionals amidst changing dynamics.

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