CNBC really pouring it on this weekend.
Lora Kolodny with a piece today, not delving into all the amazing technological innovations brought forward at the opening of GigaAustin, but about a guy who seemingly can't get a refund for a Model X he bought 2 years ago. Not linking to it.
Now I'm scanning the front page of CNBC and they're covering how a "four-man team representing Houston-based startup company Axiom Space lifted off on Friday from NASA’s Kennedy Space Center." Nevermind it was SpaceX that ran and flew the mission. If you dig deep enough into the article they mention it a couple times, but clearly the purpose is to present this as a competitor to SpaceX taking private astronauts to the ISS.
I know it's repetitive to keep posting every slanted piece of "journalism" printed by CNBC, but I'm not really interested in how this impacts Telsa/SpaceX/Elon. Other than the investment returns, the best thing I've gotten out of following Tesla on their journey is a close-up look at how journalism works. We see media outlets set the narrative at the behest of.....whomever, then watch it trickle into the subconscious of everyone around us til they spout off the talking points like they're fact.
We're only about a dozen years into this dynamic of everyone having a smartphone on their person at all times, but it worries me we may be stuck in this world for good. Is it likely a critical mass of people will stop seeing "the news" as presenting facts? Yes, the news has always been spun like this, but now you can practically program reality in real time.
What I'd LOVE to see up close is how these relationships actually flow. We know hedge funds pay for airtime on "business news" networks, and we know various entities pay for media headlines, but what's the internal mechanism? Who develops the headlines? Who writes the check and how is it delivered? Who draws the line on what goes to far? I've been around corporations long enough to guess, but I think it would be great to actually see it in motion in specific instances.
If only there were any actual independent investigative journalist left to look into it. It would make a
great Bethany McLean book, but as we all know she's now dipped her toes into this very same industry.
I guess human civilization will work it out eventually. This kind of activity is born of desperation from an industry in decline and willing to compromise itself for an extension on their relevance and profitability.