The Washington Post is retreating from Silicon Valley when it matters most
To say we live in a tech-centric society is an understatement.
It has turned their founders, executives, and middle managers into king-like figures, whose wealth and political influence mirrors the Gilded Age.
Seven of the top 10 richest people in the world can tie their wealth directly to tech.
The tech desk alone cut 14 people.
Its San Francisco bureau is a shell.
The coverage of tech isn’t more important than social, economic, and geopolitical issues.
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It reportedly suffered $100 million in losses in 2024, in part because of the cancellations.
Its web traffic has also declined.
Semafor reported that daily visits were down to around 3 million by the middle of 2024, from 22.
The layoffs at The Post, of course, don’t exist in a vacuum.
Bezos’ acquisition of the Post in 2013 for $250 million was met with a mix of skepticism and hope from weary journalists who had experienced consolidation, layoffs, and the growing pains of moving from a print-only to digital-dominant media industry.
Bezos, like Benioff and Soon-Shiong (who also blocked his paper’s endorsement of Harris), moved closer to Trump after he won the 2024 election.
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