Rapid Fire News: FB’s right-wing algo, Tether update, giving Cuba internet, Powell on stable coins & more | E1247

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 16 July 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

News episode, Jason covers CrowdTangle's data headache (01:56), how the White House wants to crack down on social media misinformation (13:34), Florida Gov. DeSantis proposal for providing internet to Cuba (17:17), a $1B fund for creators (21:32), our Tether investigation (25:07) & more!

Transcript

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0:00.0	Okay, we got a huge news day for you.
0:02.2	Facebook is turning off crowd,
0:03.9	Tangle, a service which lets you see
0:06.2	which stories are trending and most engaged on Facebook
0:09.2	and the New York Times has inserted themselves
0:11.4	and made themselves part of this story.
0:13.9	The White House is very frustrated with Facebook
0:16.0	over vaccine information, which they claim
0:18.5	is coming from just 12 sources on the platform.
0:22.5	Additionally, we talk a little bit today
0:25.1	about beaming the internet into Cuba
0:27.2	to try and promote democracy there.
0:29.8	Plus, Facebook is the last of the party.
0:32.2	They are gonna dedicate a billion dollars
0:34.0	to creators next year.
0:35.8	Finally, Tether investigation continues.
0:38.2	The CTO hasn't responded to coming on this show,
0:41.2	but he's gone on some other shows on YouTube
0:44.2	with but 500 subscribers and he's now calling this podcast,
0:48.2	a clown show at the same time that our Fed chair
0:52.0	is saying that cryptocurrency and specifically
0:56.3	stablecoins need to be regulated.
	...

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