With Substacks, there are real reporters on Substack, and I don’t want to pretend that there aren’t. There definitely are people who are reliable there. But at the same time, there are a bunch of people who are just some people. If they are making news but nobody’s checking to see if it’s true, you wind up with situations like we’ve seen with the prediction markets a couple of times now, where somebody makes up a Jeff Bezos quote, it’s not real, and Bezos has to come out and deny it. There’s just a way of polluting the information environment that I think this really contributes to.
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