That advertiser lawsuit has now been settled: The Hollywood Reporter reported Monday that Facebook agreed to pay the advertisers $40 million, though the company maintains it did nothing wrong.
Twitter, on the other hand, is, uh, less convinced of Facebook’s innocence in the matter — and many pointed out that while the advertisers are getting a (small, in Facebook terms) settlement, the journalists laid off in all that video-pivoting are getting nothing.
The journalists around the world that I know personally who pivoted to video and subsequently lost their jobs once the traffic hose turned off will not only never see a penny of this, they cannot get back the years they lost of their careers churning content for nothing. https://t.co/UpBlPWhFpf
— Ryan Broderick (@broderick) October 8, 2019
The videos that were going viral at peak Facebook video overload weren’t even videos that would make sense in someone’s reel. They were glorified powerpoint-esque montages made by staffers learning as they went. They make no sense outside the platform. What a god damn waste.
— Ryan Broderick (@broderick) October 8, 2019
How much is going to everyone who got fired because of “pivoting to video" https://t.co/coLblKlY5H
— Jane Coaston (@cjane87) October 7, 2019
None of it will go to the journalists who were canned or forced to “pivot to video” based on facebook’s BS. https://t.co/mqcZqbfoRh
— Robert Weintraub (@robwein) October 8, 2019
This is egregious. Facebook broke the journalism industry with this misstatement. A lot of good people lost their jobs as a result. https://t.co/fuPabyWuy5
— Ernie Smith (@ShortFormErnie) October 8, 2019
Put ir directly into a trust to be transparently disbursed to small newsrooms annually. And this should be a first rather than a one-time payment. With more and better journalism, the @Facebook-fueled Myanmar genocide may never have been allowed to happen, for example https://t.co/ZfNXcyQs7N
— Brooke Binkowski (@brooklynmarie) October 8, 2019
Separately, Facebook announced Tuesday that it’s giving $300,000 to European news publishers to help them experiment with video.
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