🟡 SCOOP: The Intercept is nearly out of money and facing a bitter civil war, with multiple feuding factions battling for power and two star journalists trying to take control, @maxwelltani reports. semafor.com/article/04/14/…
@semafor @maxwelltani Billionaire Pierre Omidyar chose to stop funding The Intercept This story illustrates relevant dynamics in our modern attention economy & how a faction of loud folks (meaning = effective at juicing engagement metrics for a time) can give an illusion re % of *authentic support*
@semafor @maxwelltani There are not many publications that are more insidiously evil and twisted than the Intercept.
@semafor @maxwelltani I never read the Intercept. It's trash news. There's just so much better reliable journalism out there you can spend your time reading.
@semafor @maxwelltani The Intercept is a hard left publication Readers on the hard left don't like to pay for anything When donor money dries up, the publication is doomed
@semafor @maxwelltani I assume The Intercept will eventually be replaced entirely by Ken Klippenstein tweeting about his newsletter.