He's wrong. Facebook's video viewership fraud triggered massive financial carnage in the publishing world. Publications made bad decisions based on Facebook's fraud and that led to bankruptcies and numerous layoffs. i watched it happen. https://twitter.com/reckless/status/1288568431143464961

2/ It is definitely true that journalism was already in a deep structural crisis, one that goes back 20 years and on an accelerated basis for the last five years. Facebook and Google were at the center of that too. But that was more a matter of creative destruction ...

3/ consolidation and monopoly power. This was different. Facebook committed fraud on a vast scale and it was numerous journalism company's reliance on that fraud which led them to make decisions that devastated the industry. The collateral damage of Facebook's ...

4/ fraud was immense. The price they paid was trivial. I watched this happen. We discussed internally at TPM the strategies other publications were pursuing based on what we later learned was Facebook's fraud. Publications went down this path because they were desperate.

5/ If everything was fine Facebook's fraud wouldn't have mattered that much. But that's a common story. Drug dealers don't usually destroy the lives of people whose lives were perfect to start with. Facebook has an organizational culture of bad acting. Anyone who has observed ...

6/ the company's actions over the years knows this.