🏛️ Australia's news code spreads and platforms end up paying publishers
The Australian news bargaining code becomes the test case that forces Google, Facebook and eventually Twitter to license news snippets (headline plus abstract plus photo), transferring a slice of platform ad revenue to publishers and improving legacy-publisher economics. Jason's view; the other three argue the money arrives too late to matter because legacy media is dying regardless.
0
CONVICTION
peaked 35.0 EMBER
DORMANT
band · contested
▲ LONG NWSA
expression · bullish politics-market
WRONG
result · return -4.4% · vs SPY -18.1%
2022-02-20
born 2021-02-20 (E23) → window closed
⚠ CONFLICTING IDEA ON THE SAME TICKER
— the board is arguing with itself; net it out (ticker view →)
NYT ·
Personal AI agents put the App Store's 30% take and opaque subscription/retail economics on notice
SHORT
WATCH 49.3
← stronger than this idea (0.0)
⚖ Why this result
fully deterministic — computed from daily closes on the scoring date; nothing below is editable or hand-set
- Window: 2021-02-20 → 2022-02-20 — first mention + 12-month horizon, then the window locks.
- The call: ▲ LONG NWSA (primary play). NWSA fell 4.4% over the window → return (sign flipped for a SHORT) = -4.4% (the call lost money).
- Benchmark: holding SPY over the same window returned +13.7% → vs SPY = -4.4 − (+13.7) = -18.1% — what this call made or lost against just owning the index. This is the number the result uses.
- Rule fired:
· RIGHT — return ≥ +10% AND beat SPY by 5+· HALF — return ≥ +5% OR beat SPY at all▶ WRONG — everything else
- Credit: supporters of a WRONG earn 0 each, opposers the opposite — this feeds the scoreboard. supported: Jason | opposed: Chamath, Friedberg, Sacks
Conviction timeline
bands: green ≥ 65 · watch ≥ 45 · ember ≥ 15
Plays vs SPY · % since first mention (2021-02-20)
Plays
| expression | symbol | kind | relevance | rationale |
|---|---|---|---|---|
| ▲ LONG | NWSA | stock | PRIMARY | News Corp is the prime mover behind the Australian code (Murdoch is named in the episode) and the most direct listed beneficiary of platform licensing payments |
| ▲ LONG | NYT | stock | adjacent | the listed publisher with the strongest brand and most leverage to negotiate direct licensing deals |
Mention log newest first
Chamath
politics-market 51% · n=95
· E23 (2021-02-20) · explicit_prediction · strength 2
▶ 44:24
OPPOSE
· horizon 48mo
“I think the other thing that is going to happen with all of this is like on the other side of this, the actual media organizations themselves that theoretically could benefit from this are frankly just going out of business anyways. ... It's very likely that the Times in four or five years doesn't even exist.”
Jason
politics-market 49% · n=61
· E23 (2021-02-20) · explicit_prediction · strength 2
▶ 42:43
SUPPORT
“I think it will ultimately. They'll go there as well. ... if these networks that are making tens to hundreds of millions of billions of dollars, if they just said, you know what, one percent to the news organizations to keep them viable, just like anybody else would pay in the licensing fee for terrestrial radio.”
Who built this conviction
each voice's total push on the score, in conviction points across every mention — supports and opposes · share = % of all mention-driven movement
Score events
| episode | kind | Δ | after | note |
|---|---|---|---|---|
| E23 2021-02-20 | init | +35.0 | 35.0 | E23 born by Jason (explicit_prediction x2) |
| E23 2021-02-20 | oppose | -12.0 | 23.0 | E23 Chamath opposes x2 |
| E23 2021-02-20 | oppose | -12.0 | 11.0 | E23 Sacks opposes x2 |
| E23 2021-02-20 | oppose | -11.0 | 0.0 | E23 Friedberg opposes x2 |
| E24 2021-03-06 | decay | · | 0.0 | E24 silent |
| E25 2021-03-13 | decay | · | 0.0 | E25 silent |
| E26 2021-03-20 | decay | · | 0.0 | E26 silent |
| E27 2021-03-27 | decay | · | 0.0 | E27 silent |
| E28 2021-04-01 | decay | · | 0.0 | E28 silent |
| E29 2021-04-17 | decay | · | 0.0 | E29 silent |
| E30 2021-04-23 | decay | · | 0.0 | E30 silent |
| E31 2021-05-01 | decay | · | 0.0 | E31 silent |
| E32 2021-05-13 | decay | · | 0.0 | E32 silent |
| E33 2021-05-22 | decay | · | 0.0 | E33 silent |
| E34 2021-05-31 | decay | · | 0.0 | E34 silent |
| E35 2021-06-13 | decay | · | 0.0 | E35 silent |
| E36 2021-06-18 | decay | · | 0.0 | E36 silent |
| E37 2021-06-25 | decay | · | 0.0 | E37 silent |
| E38 2021-07-03 | decay | · | 0.0 | E38 silent |
| E39 2021-07-09 | decay | · | 0.0 | E39 silent |
| E40 2021-07-16 | decay | · | 0.0 | E40 silent |
| E41 2021-07-23 | decay | · | 0.0 | E41 silent |
| E42 2021-07-30 | decay | · | 0.0 | E42 silent |
| E43 2021-08-06 | decay | · | 0.0 | E43 silent |
| E44 2021-08-28 | decay | · | 0.0 | E44 silent |
| E45 2021-09-04 | decay | · | 0.0 | E45 silent |
| E46 2021-09-14 | decay | · | 0.0 | E46 silent |
| E47 2021-09-18 | decay | · | 0.0 | E47 silent |
| E49 2021-10-02 | decay | · | 0.0 | E49 silent |
| E50 2021-10-09 | decay | · | 0.0 | E50 silent |
| E51 2021-10-16 | decay | · | 0.0 | E51 silent |
| E52 2021-10-23 | decay | · | 0.0 | E52 silent |
| E53 2021-10-30 | decay | · | 0.0 | E53 silent |
| E54 2021-11-06 | decay | · | 0.0 | E54 silent |
| E55 2021-11-13 | decay | · | 0.0 | E55 silent |
| E56 2021-11-20 | decay | · | 0.0 | E56 silent |
| E57 2021-12-04 | decay | · | 0.0 | E57 silent |
| E58 2021-12-11 | decay | · | 0.0 | E58 silent |
| E59 2021-12-17 | decay | · | 0.0 | E59 silent |
| E60 2021-12-23 | decay | · | 0.0 | E60 silent |
| E61 2021-12-29 | decay | · | 0.0 | E61 silent |
| E62 2022-01-08 | decay | · | 0.0 | E62 silent |
| E63 2022-01-15 | decay | · | 0.0 | E63 silent |
| E64 2022-01-22 | decay | · | 0.0 | E64 silent |
| E65 2022-01-29 | decay | · | 0.0 | E65 silent |
| E66 2022-02-05 | decay | · | 0.0 | E66 silent |
| E67 2022-02-12 | decay | · | 0.0 | E67 silent |
| E68 2022-02-19 | decay | · | 0.0 | E68 silent |