I totally dig what you meant on social Media not delivering.
I worked for around 5 months for a company that created social events to promote cheaper ways to get known on social media (basicly, instead of paying someone to be talked about on social media, do something interesting enough so that people will talk about it on social media).
The thing i learned is that almost no company actually sees increased sales from this media. Usually, big behemonts like coca-cola need to be on facebook and twitter, but its usually to show some CEO that they are relevant in this media.
At the time, part of my job was to get to know facebook and twitter very well. So obviously I decided to try to find things that would be interesting to me (like likeing Emma Watson in facebook or following some company that produces games on twitter).
It became obvious that it was bot supported in under 3 hours. The articles were generic, with no human personality or character.
The most interesting part however was that i started to get followers at increasing speed just because i was brutally honest about how useless and ad orientated those accounts were, trying to be humorous about it.
Its about that time that I also saw that social Media was going the way to become purely a system to find someone who you want to talk to, yet pay no attention to anything that the site displays (something like messenger or ICQ but with the inconvenience of adds, and the threat of malware).
Something quite similar started in E-Sports after the relese of the Game Starcraft 2. Everyone believed that if marketed correctly it would bring the same income as its predecessor brought in South Korea for the last 8 years.
Unfortunately, instead of actually making a market study or getting any type of real hard data, most companies believed that if they throw enough money at it, it will eventually work, especially since it was linked with social media. Obviously, it didn't go too well for most sponsors/investors.
Old media however i thing is a strange beast. Personally id trust more a program like "myth hunters" saying that the bifrost is a great DAC rather than the Times. That being said, I am a weird one, since i don't even have my TV connected to a tv signal or cable, and instead use it as a monitor.
There are so many different groups that like/trust this, but no that... Still, it can impact a lot, especially when we talk about a massive geographical impact as the times. (I actually think I gonna try to find that article).
Howdays we got news that support one side or the other (dosent matter in what aspect, pick your poison), blogs that get sold as soon as they become famous... to an advertising company to promote certain products, radio stations that have more ads than music, computer games that are released in beta stage with multiple DLC, Apple user milking with new phones every 6 months, etc.
So, i wouldent say we see through BS a lot faster, but there is so much of it that it is easy to recognize more of it.
And then you get a company like Schiit. So yeah, hard not to like it
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