The latest in the information wars.

A top Democratic strategist is quietly raising $65 million for a new progressive media play.

"Traditional media is failing. Disinformation is flourishing. It’s time for a new kind of media."

The first look —>…
The details:

Democratic strategist Tara McGowan is trying to raise $65 million to back media outlets. It's called the Project for Good Information.

$35 million to invest in media companies, including Courier News.

$25 million for grants to nonprofits.…
>@CourierNewsroom, a portfolio of eight different progressive news sites backed largely by @anotheracronym, is about to get bigger.

Courier will receive an investment from Good Information, Inc. — the for-profit arm of the Project for Good Information.…
@CourierNewsroom @anotheracronym The number of conspiracy theories about what happened in the Iowa caucuses — over a year ago — is ... not a few.
The Good Information Project — a 501(c)3 foundation that will have $25 million to award grants to nonprofit media companies — incorporated earlier this month.

Here's the filing in Washington DC records.…
Gotten some questions about what this all means for Acronym, the progressive umbrella group, more broadly.

The answer is I'm not sure.

For instance, it's unclear whether Acronym will divest its ownership stake in Courier News when the new org invests.…

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More from @teddyschleifer

2 Feb
WOW, Jeff Bezos is stepping down as CEO of Amazon — will become executive chair.
pretty amazing this didn't leak at all?
In his letter to Amazon employees, Jeff Bezos says he will Pivot to Philanthropy.

I will "have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions."

Full letter here.
Read 6 tweets
2 Feb
I wrote about Elon Musk, Chamath and GameStop.

And about how a pair of tech billionaires somehow became the heroes of America's anti-billionaire moment.…
A little news in here:

Chamath Palihapitiya last week donated $100,000 to the group organizing the recall of Gavin Newsom.

It's one of the biggest checks to date to the Rescue California committee.…
The debate on Wall Street Bets about billionaires in society is fun.…
Read 5 tweets
23 Jan
The Lincoln Project is promising a campaign "aimed" at Microsoft's board of directors.

On Microsoft's board of directors is ... Reid Hoffman, one of the Lincoln Project's most prominent supporters.
We'll see what @SteveSchmidtSES has planned, but it's a reminder of how complicated things can be when you're a billionaire mega-donor.

Your corporate and political investments can conflict with one another.
New: Microsoft has taken the unusual step of now releasing a full transcript of president Brad Smith's leaked comments about why its PAC makes political donations.
Read 4 tweets
21 Jan
Here's some news:

Elon Musk says he is donating $100 million for "a prize for best carpton capture technology."

This would be his single biggest public philanthropic gift ever. Image
This $100 million from Elon Musk would instantly double his entire lifetime giving to philanthropy to date.…
Elon Musk is wrestling with his status as the world's wealthiest person — and a relatively meager track record as a major philanthropist.

He is going more and more public with his giving.

Our story from last week on the big questions now before him.…
Read 6 tweets
5 Dec 20
This website is broken.

First tweet that sent Twitter into overdrive — 5,000 RTs

Second tweet with massive clarification “update” — 54 RTs
Politicians with huge followings sharing this false story.
As a reporter, there’s no worse feeling than getting a story wrong — I’ve been there — but if you tweet something incorrect and it goes mega-viral, you should delete it.
Read 4 tweets
5 Dec 20
There are few people during this crisis that make me angrier than those who intellectually master all things COVID — “The latest study!” “Today’s numbers!” — and then live their lives in a way that perpetuates that very reality they fret about.
It’s like — spend less time smashing the RT button on the latest great Atlantic article and more time ... not going to an indoor restaurant.
It’s definitely a Real Type of person during Covid.

People who are borderline ~obsessed~ with Covid news coverage, but somehow create an internal narrative in which they themselves are not part of that world.

“Well, I’m just one of 330 million people,” the thinking goes.

Read 4 tweets

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