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Topic: [2022-02-10] CNBC: Binance is taking a $200 million stake in Forbes - page 2. (Read 398 times)

legendary
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Will this mean that their readers will get (correctly) educated about Bitcoin and crypto? (Like for example debunking the "Bitcoin is bad for environment" and similar garbage?) I also hope so, but I may be too optimistic...
On one hand, you would hope the general crypto stories they publish will actually be fact checked and not just complete nonsense like many of them are at the moment (as you mentioned, the environment being a prime example of this). On the other hand, I fully expect there to be a bias towards Binance itself when such an opportunity arises. Remember that they bought CoinMarketCap, and shortly after Binance became the top ranking exchange by every metric. Funny that.

It's like every headline is clickbait.
The problem with Forbes is how they recruit and pay their writers. There are a core group of "Forbes staff", who are paid to write articles, and will be paid regardless of how many people read their articles. There are many more "Forbes contributors", who submit articles for free and then receive payment based on how much traffic they generate. Obviously, given this payment model, these contributors are incentivized to create clickbait headlines.
legendary
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There is already a bit of a discussion going on here: https://bitcointalksearch.org/topic/binance-invests-200-million-to-buy-stake-in-forbes-5385385 about this.
On a separate note, I went reading though a bunch of tech articles in Forbes since I posted in the other thread last night.
It's all doom and gloom and scare tactics about most tech things. Not just crypto. It's like every headline is clickbait.

"New Microsoft vulnerability threatens tens of millions of computers"
Or
"Cisco bug can take down the internet"
Or
"Millions of home routers are hackable"

It's like a large number of their readers are older and like the clickbait scare people headlines.
Since they are valued so high I guess it works, but looking though a lot of their articles they are just flat out wrong about stuff.

-Dave
legendary
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Binance, led by the world’s richest crypto billionaire, is taking a $200 million stake in Forbes
source: https://www.cnbc.com/2022/02/10/forbes-spac-binance-led-by-the-worlds-richest-crypto-billionaire-is-taking-a-200-million-stake-in-forbes-.html

Quote
Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned.

Quote
That would make Binance one of the top two biggest owners of Forbes, which will be listed on the New York Stock Exchange under the ticker FRBS, the people said. The crypto company will also get two directors out of nine total board seats, they said.

Will this mean much more crypto news getting covered in "their" media? Hopefully.
Will this mean that their readers will get (correctly) educated about Bitcoin and crypto? (Like for example debunking the "Bitcoin is bad for environment" and similar garbage?) I also hope so, but I may be too optimistic...


Of course, NFT, Web3 and other buzz words are present in that news, I haven't pay much attention there.
And I hope that this move will not get "annihilated" by an even bigger buyer (with a completely different direction) getting a big bulk after the listing to NY Stock Exchange.
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