Pivot

Podbit · Pivot

Meta’s Prediction Market App, Europe vs. Big Tech, and Hollywood’s Comeback

Explore episode Jun 26, 2026
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Journalism Still Needs Institutions — and Competent Owners

Meta’s Prediction Market App, Europe vs. Big Tech, and Holl… · Jun 26, 2026 News

Nano creators and Substacks build trust, but they cannot fund the reporters who cross-check a president's claims about the Lincoln Memorial Reflecting Pool. Kara Swisher's argument: the creator economy and institutional journalism must coexist, and the biggest variable is whether news organisations have owners who aren't idiotic.

Where this was said

Audience Q&A: Can Bluesky, Substack & Niche Media Challenge Big Platforms?

At 57:40 · chapter starts 56:00

The closing audience question zeroes in on whether fragmented creator platforms — Bluesky, Substack, niche podcasts — can build enough reach to challenge incumbent media. Scott's view: Bluesky is 'cute and adorable and going to die a slow death,' while Substack is a genuine winner. He notes that 50% of creator ad spend is now going to nano and micro creators serving niche audiences, reflecting a structural shift in where trust lives. Kara's counter-argument is more nuanced and closes the episode's media thread: the creator economy is exciting, but it cannot replace the investigative infrastructure of institutions like the New York Times. She points to fact-checking a president's Lincoln Memorial claims as something only a fully staffed newsroom can do properly. Her prescription is a dual ecosystem — large institutions with competent owners plus a thriving independent creator layer — arguing that quality journalism is one of the most undervalued assets in today's media landscape.

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