Why Media Is Facing a Reckoning

Commentary
No one ever heard of jason@Bitcoin4Freedom, but he posted an editorial on X about the U.S. election and, to date, that piece has received over 114 million views.
This is only one of countless such events where an ordinary individual creates an essay, video, or meme that makes a giant public impact—even dwarfing mega-media outlets. In 2024, regular citizens achieve this newsmaking feat on social media every day. It is “News by the people, for the people!” according to Elon Musk.
The communication power of X is astonishing. Today’s politicians and celebrities make their announcements on social media with little or no need to summon an old-fashioned press conference….