Mediatwits #50: Facebook Face-Plant; Craig Newmark + Poynter; Crowdfunding Bible
Welcome to the 50th episode of the Mediatwits podcast, with Mark Glaser and Rafat Ali as co-hosts. The joy of the Facebook IPO was quickly replaced with disdain as the stock nosedived and lawsuits ensued. We run down the headlines, including the New Orleans Times-Picayune and Oregon Daily Emerald killing daily print editions for thrice- and twice-weekly editions, respectively. Special guests Craig Newmark of Craigslist (with birds chirping in the background) and Kelly McBride of Poynter talk about their upcoming symposium where they will draw up new principles for ethics in journalism for the digital age. Will the so-called “Fifth Estate” take notice?
Plus, we talk to author and speaker Scott Steinberg about his new book, “The Crowdfunding Bible,” all about how artists, singers, videogame makers, writers and startups have funded projects directly from fans online. Steinberg says that crowdfunding isn’t for everyone, but those that succeed usually make headlines because they are the ultimate Cinderella stories.
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Here are some highlighted topics from the show:
1:00: Facebook’s face-plant IPO: what went wrong
2:40: Rafat: Can Facebook still focus?
3:10: Times-Picayune coming out 3 times a week; Daily Emerald going to 2 times a week
5:20: Rundown of stories on podcast
Craig Newmark + Poynter
6:20: Special guests Craig Newmark and Kelly McBride
8:20: Newmark: We need better fact-checking and stronger ethics in journalism
11:30: McBride: The audience can influence your work, sometimes that’s good or bad
14:20: Newmark: TV stations should be honest about who funds political ads
17:30: McBride: The AEJMC certifies J-schools so can help push new ethics principles
19:20: Newmark: I wouldn’t pay for news I can’t trust
20:00: Special guest Scott Steinberg
23:10: Steinberg: Crowdfunding lets people vote with their wallets
25:00: Less commercial projects can get funding
26:30: Steinberg: Crowdfunding not right for raising millions of dollars, usually
29:00: Vast majority of projects fail to reach funding goals
The Shocking Story of What Really Happened Inside Facebook’s IPO at Business Insider
Facebook stock: Once hot IPO now a tale of lawsuits, glitches, and overreach at Christian Science Monitor
New Orleans Paper Said to Face Deep Cuts and May Cut Back Publication at NYT Media Decoder
The Crowdfunding Bible according to Scott Steinberg at the Toronto Star
A guidebook to crowd-funding projects at USA Today
The Crowdfunding Bible at TechSavvyGlobal
Don’t forget to vote in our weekly poll, this time about your crowdfunding efforts:
Mark Glaser is executive editor of MediaShift and Idea Lab. He also writes the bi-weekly OPA Intelligence Report email newsletter for the Online Publishers Association. He lives in San Francisco with his son Julian. You can follow him on Twitter @mediatwit. and Circle him on Google+