The Messenger Deserved Its Demise. Its Staff? Not So Much

Well that didn’t go well.

I predicted the death of Jimmy Finkelstein’s The Messenger as soon as I read about its impending launch back in March of last year. At the time I had just soft-landed The Recount and was licking three decades of wounds related to launching, running, selling and shuttering digital media startups. And lo! Here was a guy claiming he was going to solve all of digital media’s woes with…what exactly? “Polyperspectivity”?! (No, really, that’s what they called their approach to news coverage.) And a business model ripped from the pages of Business Insider, circa 2012? I was already shaking my head, but then I read this:

“Richard Beckman, a former president of The Hill and Condé Nast who will be The Messenger’s president, said in an interview that the company planned to generate more than $100 million in revenue next year, primarily through advertising and events, with profitability expected that year.”

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Is Google Truly F*cked?

Yes, I used Dall_e …

Is it over for Google? 

This question is pulsing through most of the conversations I’ve been having with tech and media industry folk these past few weeks. The company’s narrative has shifted dramatically in the wake of Microsoft’s partnership with OpenAI. Nearly everyone I’ve spoken with is convinced the company is in serious trouble – and Wall Street has validated those concerns by trimming $200 billion from the company’s market cap over the past two weeks.

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File Under “Hardcore, Great Men Are All”

There’s so much to say about what’s happening at Twitter, but I’m going to start with one word: “Hardcore.” That’s what Elon said he wants from all his employees going forward – a “hardcore” mentality, a coder-first culture, a sleep-at-the-office-and-pound-Red-Bull kind of sensibility.

I’m pretty familiar with this culture – an earlier, less toxic version of it pervaded the pre-Elon tech world, a culture I reported on at Wired, the Standard, and in coverage of Google and similar companies in the early 2000s. While it had its charms – most of us have pulled an all nighter trying to get a product out – memorializing “hardcore” as a work ethos is a deeply flawed management technique. Not only does it foster unhealthy relationships to work, it also celebrates a toxic brand of male-dominated power – the kind of power that many of tech’s current titans, including Musk, Andreessen, Thiel, and their ilk – seem to believe is threatened. In their writings, investments, and political lobbying, it’s clear that “hardcore” is a philosophy this group of Valley troll-bullies seem desperate to entrench.

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Growth Is Hard

Zuckerberg1The business story of the decade is one of insurgency: Every sector of our economy has spawned a cohort of software-driven companies “moving fast and breaking things,” “asking for forgiveness, not permission,” and “blitzscaling” their way to “eating the world.” For years we’ve collectively marveled as new kinds of companies have stormed traditional markets, garnering winner-take-all valuations and delivering extraordinary growth in customers, top line revenue, and private valuations.

But what happens when the insurgents hit headwinds? In the past year or so, we’ve begun to find out. The unicorn class has had its collective mane shorn. A quick spin through the “unicorn leaderboard” finds a cohort strewn with cautionary tales: Uber’s under continual attack by regulators and increasingly well funded competitors. Square and Box, both of which managed tepid public debuts, have consistently traded below their private valuations. Airbnb, SnapChat, DropBox, and many others have been marked down by their largest investors. And of course, there’s the cautionary tale of Zenefits.

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