Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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The colossal arrogance of Newsweek’s Bitcoin “scoop”

The colossal arrogance of Newsweek’s Bitcoin “scoop” | Public Relations & Social Marketing Insight | Scoop.it

WIthout more evidence, it's time for a retraction....


...The problem with the story is that it doesn't appear to be true. Dorian Nakamoto—who hasn’t gone by the name “Satoshi” in almost 40 years—made the second of two very public denials this week. “I got nothing to do with it,” Nakamoto said during his first denial, a two-hour interview with the Associated Press.


Goodman’s story looks like a scientific experiment gone bad: it can’t be replicated. It’s grounded in assumptions, topped with myths and stereotypes, and then backed up by an arrogant-sounding “trust us” defense.


The AP video shows a man who appears wholly convincing. “The main reason I’m here is to clear my name, that I have nothing to do with Bitcoin,” Nakamoto said. “Leah wrote all that?” he added with a shake of his head, incredulous. If Dorian Nakamoto is the hidden genius behind Bitcoin, he's also one of history’s most skilled liars; his impression of “unemployed suburban man” was spot-on....

Jeff Domansky's insight:

The debate over Newsweek's cover story on Bitcoin, journalism standards, ethics and approach continues.

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Matthew Keys’ legal defense in face of hacking indictment: He was an undercover journalist | The Next Web

Matthew Keys’ legal defense in face of hacking indictment: He was an undercover journalist | The Next Web | Public Relations & Social Marketing Insight | Scoop.it

When Reuters now-suspended deputy social media editor Matthew Keys was indicted over allegedly helping members of Anonymous deface the LA Times, using credentials that he provided, it was a surprise.

 

How Keys intends to defend himself is now in the open: His lawyers claim that he was an undercover journalist. As reported by the Huffington Post, his lawyer said the following: “This is sort of an undercover-type, investigative journalism thing, and I know undercover — I’m using that term loosely [...] This is a guy who went where he needed to go to get the story. He went into the sort of dark corners of the Internet. He’s being prosecuted for that, for going to get the story.”.--

Jeff Domansky's insight:

This story has more twists and turns than the Magic Mountain ride at Six Flags...

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Pass the pipe: Gawker's "Crackstarter" is skeezy but potentially significant | Pando Daily

Pass the pipe: Gawker's "Crackstarter" is skeezy but potentially significant | Pando Daily | Public Relations & Social Marketing Insight | Scoop.it

Gawker is about $80,000 into a cheeky scheme to raise a couple hundred grand to pay some drug dealers for a video that allegedly shows Toronto Mayor Rob Ford smoking crack. The “Crackstarter” campaign has caught some flak on ethical grounds – some people are uncomfortable with the idea of a news organization paying drug dealers for anything – but put those concerns aside and you can see that Gawker’s experiment presents a pretty useful case study for the idea of crowdfunding journalism....

Jeff Domansky's insight:

Does this scheme by Gawker cross ethical boundaries? You decide...

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Motor Trend Journalist Also Taking Money To Be A Spokesperson For An Oil Company

Motor Trend Journalist Also Taking Money To Be A Spokesperson For An Oil Company | Public Relations & Social Marketing Insight | Scoop.it
Motor Trend's Jessi Lang says she is a journalist who wants to help "build relationships" between that publication and its readers while covering the auto industry.

 

She's also being paid to represent oil company Phiillips 66 as a spokesperson who is trying to help influence young people to buy their gas, something Motor Trend doesn't appear to be telling its readers.

 

Taking payment from a potential newsmaker is a generally frowned upon practice, but Lang, and the PR firm representing Phillips 66, say Motor Trend approves of her simultaneously representing an automotive publication and a company that's part of the automotive industry....

 

[Ethically challenged? ~ Jeff]

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