Ozy Media said it was shutting down, then Carlos Watson said the company is staying open, but he has few employees willing to help, Sara Fischer says. Plus, the startup is suffering from a "trust gap."
CNN's Brian Stelter says that the erosion of mistrust is high among Republicans in part because right-wing media outlets like Fox News and OAN rely on repeating information instead of doing their own reporting of the facts.
Sara Fischer says Frances Haugen "caught Facebook very flat-footed." Shares in the social media giant are down about 15% from an all-time high last month, so the current scandal seems to be "causing a material impact on its business," she adds.
Brian Stelter says he was "blown away" by Mike Pence's media-blaming message on Sean Hannity's show, plus the complete lack of followup on Fox. "There was a gallows out there and they were chanting 'Hang Pence,'" David Zurawik points out.
Chief Media Correspondent and Anchor of Reliable Sources
Brian Stelter is the chief media correspondent for CNN Worldwide and anchor of Reliable Sources, which examines the week's top media stories every Sunday at 11:00 a.m. ET on CNN/U.S. Stelter reports for CNN Media, and writes a nightly e-newsletter.