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You’re more likely to believe fake news shared by someone you barely know than by your best friend
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
The Washington Post / Drew Harwell / Apr 7, 2024
“Trump Media, based in Sarasota, Fla., has only 36 employees and lost $58 million last year, the filings show. The online analytics firm Similarweb estimates that Truth Social’s traffic is less than 1 percent of Reddit’s, a platform that received $800 million in revenue last year. But a stock-market frenzy has supersized Trump Media’s value to about $5.5 billion — more than the market values of Macy’s, Columbia Sportswear, and Alaska Airlines, which make billions in revenue a year.”
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