JOE BIDEN'S LITTLE MONSTER, PROPAGANDA MINISTER MARK ZUCKERBERG SAYS HE WILL SMASH COMPETITION - SOUNDS LIKE BIDEN CRONY JEFF 'BEZOSHEAD' BEZOS

THESE TWO BIDEN CRONIES ARE A SERIOUS THREAT TO AMERICA. NO MORE THAN BIDEN HIMSELF!

Facebook Is Launching an Attempt to Crush Substack

GERARD JULIEN/Getty

LUCAS NOLAN

1 Jul 202113

2:11

Continuing its ongoing efforts to clone every single other digital service available, Facebook announced on Tuesday that it would be rolling out its own version of a newsletter subscription service called Bulletin. The new Facebook offering is an attempt to crush the popular newsletter service Substack.

CNET reports that Facebook announced this week that it is rolling out a new service called Bulletin that will allow writers to create and share free and subscription-based newsletters, a very similar service to that offered by popular newsletter service Substack.

Bulletin will reportedly launch with a small group of writers with plans to add more. The release of a newsletter product shows that Facebook is ramping up its efforts to attract more creators to its site, a move that could in turn help the company attract more users to its platform and convince them to spend more time on the social network.

Twitter also acquired a newsletter product called Revue this year, while Substack has been popular amongst journalists and writers for some time.

In a live audio chat on Facebook discussing Bulletin, Facebook CEO Mark Zuckerberg stated: “The goal here across the company is to support eventually millions of people making a living doing creative work.”

Bulleting writers will be able to keep all of their subscription revenue and keep ownership of their content and email subscribers if they move to another platform, Zuckerberg said. They’ll also be eligible for distribution in Facebook News. The company plans to include tools allowing writers to pair audio with their written work.

Facebook has managed to convince a number of best-selling and high-profile writers to join Bulleting for its launch including Malcolm Gladwell, American sportscaster Erin Andrews, author Mitch Albom and “Queer Eye” star Tan France.

Facebook recently launched an attempt to crush voice chat upstart Clubhouse.

Read more at CNET here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com

WSJ: Amazon Abuses Its Market Power to Buy Ownership Stakes in Potential Suppliers

Cliff Owen/AP Photo

LUCAS NOLAN

1 Jul 20218

A recent report from the Wall Street Journal claims that the e-commerce giant Amazon is telling suppliers that want to win Amazon as a client that they must give the e-commerce Masters of the Universe the right to buy large stakes in their firms at steep discounts.

A recent report from the Wall Street Journal states that Amazon has been telling suppliers that want to land the e-commerce giant as a client for their goods and services that they must give Amazon the right to buy large stakes in their companies at steep discounts to market value.

Amazon has reportedly struck at least a dozen deals with publicly traded companies in which it gets rights — called warrants — to purchase the vendors’ stock in the future at what could be well below-market prices.

The Wall Street Journal reports:

Amazon over the past decade also has done more than 75 such deals with privately held companies, according to a person familiar with the matter. In all, the tech titan’s stakes and potential stakes amount to billions of dollars across companies that provide everything from call-center services to natural gas, and in some cases position Amazon among the top shareholders in those businesses.

The unusual arrangements offer another window into how Amazon uses its market heft to increase its wealth and clout. The company has been under growing scrutiny from regulators and lawmakers over its competitive practices, including with companies it partners with.

While the deals can benefit the suppliers by locking in big contracts, which can also boost their share prices, executives at several of the companies said they felt they couldn’t refuse Amazon’s push for the right to buy the stock without risking a major contract. The deals in some cases also give Amazon rights such as board representation and the ability to top any acquisition offers from other companies.

An Amazon spokesperson said that the warrants it obtains in commercial agreements are usually tied to milestones that Amazon has to meet, such as large purchases from the supplier.

Amazon declined t comment on specific deals or how many warrants it has exercised or the amount of money it has made from such agreements. The spokesperson said that it has warrant deals in fewer than 1 percent of the commercial agreements it enters into.

Read more at the Wall Street Journal here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com