,
6 tweets,
3 min read
Read on Twitter
A group called the News Media Alliance got the NYT to run a piece last night saying that Google made "$4.7 billion" from the news industry.
And now that the study is out, the number appears to be just as shaky as it initially seemed to a few of us. 1/5
nytimes.com/2019/06/09/bus…
And now that the study is out, the number appears to be just as shaky as it initially seemed to a few of us. 1/5
nytimes.com/2019/06/09/bus…
The figure relies on a comment Marissa Mayer made 11 YEARS AGO. She said Google News was 'worth $100 million."
She didn't say it made $100 million in profit or generated $100 million in revenue.
She just said, offhand, it was worth that ...2/5
fortune.com/2008/07/22/wha…
She didn't say it made $100 million in profit or generated $100 million in revenue.
She just said, offhand, it was worth that ...2/5
fortune.com/2008/07/22/wha…
No problem for this group!
They then extrapolate that $100 million from 2008 and try to figure what it's worth now, given Google's much bigger size. 3/5
newsmediaalliance.org/wp-content/upl…
They then extrapolate that $100 million from 2008 and try to figure what it's worth now, given Google's much bigger size. 3/5
newsmediaalliance.org/wp-content/upl…
You kind of wish that an industry group representing the news business would use standards that apply to the news business. 5/5
Bad link above to the NYT piece. This should work nytimes.com/2019/06/09/bus…
