[2022-02-10] CNBC: Binance is taking a $200 million stake in Forbes

[Quickseller]

I am concerned about Binance's spree of investments however, they are giant enough now and they seem to like manipulation so I really wonder what they are planning to invest in Forbes for.

CZ’s plan for Forbes will be similar on how the billionaires like Bill Gates, Jeff Bezos or Mark Zuckerburg use the companies they have in their control. This is always for more profit and more influence. Do you reckon Warren Buffett looks good in mainstream news media because he is really a good person or a good investor? CZ might use Forbes to make him the next Warren Buffett because a lie repeated long enough will become the truth for the audience.

The investment is only a stake in the company, but I suspect that Binance will seek to revamp its business model to something more in line with traditional news outlets (with reporters reporting to editors), and will seek to move its news coverage accordingly. They can address repetitional baggage issues by saying that their business model has changed.

collecting your data, and selling all that information to advertisers, governments, and any other third party which will pay for it.

There is no major tech company that sells user data. For the most part, tech companies will use your data to allow advertisers to target a more specific group of people. They also use very advanced algorithms to predict attributes about people so advertisers can again target a specific group of people. This allows them to charge much more for advertising than an advertisement that is shown to everyone.

[o_e_l_e_o]

There is no major tech company that sells user data. For the most part, tech companies will use your data to allow advertisers to target a more specific group of people. They also use very advanced algorithms to predict attributes about people so advertisers can again target a specific group of people. This allows them to charge much more for advertising than an advertisement that is shown to everyone.

Semantics. The bottom line is that your data ends up in the hands of third parties, and the company in question profits from their role in providing your data to these third parties. And yes, there are plenty of companies which actively sell your data. There is an entire industry built around buying and selling data, with hundreds of data broker companies in existence. Here is a list of over 100 such companies: https://www.fastcompany.com/90310803/here-are-the-data-brokers-quietly-buying-and-selling-your-personal-information. Acxiom alone claim to have profiles on 2.5 billion individuals, which they will happily sell to anyone who will pay for it.

[Kakmakr]

Depending on how you look at it..this could be good or bad. Remember how we always point at large media platforms as being paid shills for a few rich masters? Well, with his purchase.... does that mean Crypto have to be supported by "paid" influence.. like it has been with the super rich in the past?

I would much rather see a media platform not being biased or unfairly prejudiced towards Bitcoin... than having to pay for their positive support in the media that they are a co-owner of.