Mediatwits #50: Facebook Face-Plant; Craig Newmark + Poynter; Crowdfunding Bible

    by Mark Glaser
    May 25, 2012
    Facebook is taking shots from all sides after its stock debut went from $42 down to $31 in five days of trading. Image courtesy of Wikimedia Commons.
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    Craig Newmark

    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?

    I'd like TV stations to be honest about [who funds political ads], and I don't think they should run ads that are deceptive." -Craig Newmark

    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.


    Check it out!




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    Intro and outro music by 3 Feet Up; mid-podcast music by Autumn Eyes via Mevio’s Music Alley.


    Kelly McBride

    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

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    Scott Steinberg

    Crowdfunding Bible

    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

    i-ea80658ab9f94c69d85d8826121c064e-crowdfunding bible.jpg

    More Reading

    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

    What New Orleans Can Expect When Its Newspaper Goes Away at Forbes

    New Orleans Paper Said to Face Deep Cuts and May Cut Back Publication at NYT Media Decoder

    Why We Killed Our College Daily Paper for a More Digital Future at MediaShift

    The Poynter Institute and Craig Newmark to Host Journalism Ethics Symposium at Poynter

    Poynter Receives $400,000 Ford Grant as ‘Sense-Making’ Project Enters Third Year at Poynter

    Forbes.com contributor deletes post about Sheryl Sandberg after people call it sexist at Poynter

    Apology to Sheryl Sandberg and Kim Polese at Forbes

    The Crowdfunding Bible according to Scott Steinberg at the Toronto Star

    How to Raise Venture Capital Through Crowdfunding at PC World

    A guidebook to crowd-funding projects at USA Today

    The Crowdfunding Bible at TechSavvyGlobal

    Weekly Poll

    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+

    Tagged: craig newmark craigconnects crowdfunding crowdfunding bible facebook ipo new orleans times-picayune newspapers oregon daily emerald poynter

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