🗞 Facebook Rethinks News Deals, and Publishers Stand to Lose Millions in Payments

Today’s pick

Facebook Rethinks News Deals, and Publishers Stand to Lose Millions in Payments. Meta Platforms Inc.'s Facebook is re-examining its commitment to paying for news, people familiar with the matter said, prompting some news organizations to prepare for a potential revenue shortfall of tens of millions of dollars. The company has… (Alexandra Bruell / Wall Street Journal)

Rasmus Kleis Nielsen @rasmus_kleis

Platform opportunities come with platform risk:"Facebook is re-examining its commitment to paying for news, people familiar with the matter said, prompting some news organizations to prepare for a potential revenue shortfall of tens of millions of dollars" wsj.com/articles/faceb…

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Exclusive: Mattel makes its play for the metaverse-and the metaverse plays back. The famed toymaker will turn its iconic characters into playable avatars in Cryptoys' NFT gaming world. (Connie Lin / Fast Company)

Will 👐👾☕ @willweinraub

Incredibly surreal moment... Today I'm very excited to announce a new partnership between @Cryptoys and @Mattel to usher in a whole new era for the world of toys. We've got some amazing things in the works that we can't wait to share with you all 🤝🚀 fastcompany.com/90759425/matte…

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Disney fires Peter Rice, its top TV content executive. The Walt Disney Company has abruptly fired Peter Rice, its most senior television content executive, citing an ill fit with Disney's corporate culture, according to three people briefed on the matter who spoke on the condition of anonymity to…  (Brooks Barnes / The New York Times)

Brooks Barnes @brooksbarnesNYT

Disney fires Peter Rice, its top TV content executive.

nytimes.comDisney fires Peter Rice, its top TV content executive.Some in the entertainment business had once seen him as a possible candidate to succeed Bob Chapek as Disney’s chief executive.

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Jay-Z and Jack Dorsey launched a Bitcoin academy in a public housing complex. Twitter co-founder and Block CEO Jack Dorsey is teaming up with artist Jay-Z (Shawn Carter) to launch The Bitcoin Academy at Marcy Houses, the public housing complex in Brooklyn… (Amanda Silberling via TechCrunch)

TechCrunch @TechCrunch

Jay-Z and Jack Dorsey launched a Bitcoin academy in a public housing complex tcrn.ch/3xLHSRP by @asilbwrites

tcrn.chJay-Z and Jack Dorsey launched a Bitcoin academy in a public housing complex – TechCrunchIs billionaire-funded crypto education really what low-income people need?

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Meta will stop making Portal for consumers. Meta plans to stop making consumer versions of its Portal video calling hardware and instead pivot the product line to focus on use cases for businesses, like conference calling. The change in strategy, first reported by The Information and… (Jacob Kastrenakes and Alex Heath / The Verge)

Alex Heath @alexeheath

Finally, Portal no longer being sold as a consumer device is not surprising given how it hasn’t really caught on, though I’m skeptical Meta can convince people to use it over a laptop camera unless it’s integrated into conference rooms

theverge.comMeta will stop making Portal for consumersNot enough people wanted a Facebook-linked camera in their home.

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— Jose Montes de Oca

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