Jessica Lessin

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The Information will launch Ticker, a tech news app that costs $29 per year

Since it was founded by journalist Jessica Lessin in 2013, The Information has stood out in the tech news landscape for its focus on an ad-free, subscription-driven business model (a focus that seems increasingly prescient).

Now, the upcoming launch of an app called Ticker suggests that the company is looking to expand its audience while maintaining that subscription model.

The Information describes Ticker as its first consumer app. The assumption is that anyone who’s currently paying the $399 annual fee for an Information subscription needs it for their job — whether they’re an investor, entrepreneur or some other professional in the tech industry.

The new app, meanwhile, is designed for anyone who might be interested in keeping up-to-date with the latest tech news, and it’s priced much more affordably, at $29 per year. (Information subscribers will get access as well.)

The Information ticker app

Apparently the app was inspired by the Briefing section of The Information website, which offers quick summaries (often drawn from reporting by other publications) of major tech news.

Ticker, meanwhile, will include a section called Today with summaries of the day’s tech headlines — similar to Briefing, but written for a consumer audience. It will also include a calendar highlighting upcoming IPOs, conferences and other events that readers might want to know about. (Not included: The Information’s full articles and original reporting.)

“More and more, we’ve been hearing from readers who don’t have a business reason to follow tech but are finding it more and more central to their lives,” Lessin said in a statement. “We are launching Ticker for them — giving them access to the best summaries of the most significant news, written by our team at The Information.”

The company plans to launch Ticker later this fall. In the meantime, you can sign up here.

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Sam Lessin and Andrew Kortina on their voice assistant’s workplace pivot

Sam Lessin, a former product management executive at Facebook and old friend to Mark Zuckerberg, incorporated his latest startup under the name “Fin Exploration Company.”

Why? Well, because he wanted to explore. The company — co-founded alongside Andrew Kortina, best known for launching the successful payments app Venmo — was conceived as a consumer voice assistant in 2015 after the two entrepreneurs realized the impact 24/7 access to a virtual assistant would have on their digital to-do lists.

The thing is, developing an AI assistant capable of booking flights, arranging trips, teaching users how to play poker, identifying places to purchase specific items for a birthday party and answering wide-ranging zany questions like “can you look up a place where I can milk a goat?” requires a whole lot more human power than one might think. Capital-intensive and hard-to-scale, an app for “instantly offloading” chores wasn’t the best business. Neither Lessin nor Kortina will admit to failure, but Fin‘s excursion into B2B enterprise software eight months ago suggests the assistant technology wasn’t a billion-dollar idea.

Staying true to its name, the Fin Exploration Company is exploring again.

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Microsoft Edge on mobile now includes a built-in fake news detector

In 2019, we still don’t really know what to do about fake news. With nothing to disincentivize viral hyperpartisan headlines and other exercises in confirmation bias, online misinformation seems to run as rampant as ever. It’s a tricky problem, particularly because it’s one that requires the readers most drawn to too outrageous to be true news to challenge their beliefs. In other words, without some kind of technical solution or massive cultural shift, the fake news dilemma won’t be solving itself any time soon.

That being said, Microsoft’s mobile Edge browser is taking a modest swing at it. On Android and iOS, the Microsoft Edge app now installs with a built-in fake news detector called NewsGuard. The partnership is an extension of Microsoft’s Defending Democracy program, and NewsGuard for Edge was first announced earlier this month.

While NewsGuard isn’t on by default, anyone using Edge can enable it with a simple toggle in the settings menu. When I downloaded the app to test it, Edge actually nudged me to the Settings menu and then to an option called News Rating (this enables NewsGuard) with a small blue dot. The dot wasn’t an alarm-red notification but would probably be notable enough to pique my interest and point me to the setting, even if I wasn’t writing this story.

For now, NewsGuard’s ratings concentrate on U.S.-based websites, but major sites abroad are included too. TechCrunch received a healthy green check on NewsGuard, indicating that we maintain “basic standards of accuracy and accountability.” Clicking the green badge next to the address bar presented an option to review TechCrunch’s full “nutrition label” — a rundown of pertinent information like our ownership and financing, content and credibility. The information was pretty nuanced, right down to the insight that “opinion pieces are not always clearly labeled,” which is fair enough. It even included an example of a corrected story and how we handled it. As The Guardian noted, the Daily Mail didn’t fare quite so well.

The editorial deep-dives that influence NewsGuard’s ratings are impressive, though they do exemplify another issue that makes fighting fake news particularly tricky. Even if news sources are evaluated across a matrix of factors, there’s still some degree of subjective assessment necessary to make these decisions. While there are plenty of entities that could be making these calls, how do we reach a consensus on who should be doing it?

NewsGuard is co-led by Gordon Crovitz, former publisher of The Wall Street Journal, and Steven Brill. Like other editorially minded news experiments, NewsGuard relies on a human team instead of algorithms. The company counts former CIA director General Michael Hayden and The Information founder Jessica Lessin among its advisors.

Edge isn’t a very popular browser, but it still makes an interesting case study in the intractable war against low-quality information online. It also illustrates the central Catch 22 of the fake news era: The users who need a fake news detector the most are the least likely to use one. Microsoft’s Edge experiment with NewsGuard isn’t a solution to that issue, but baking some kind of news verification tool right into the browser does feel like a step in a compelling direction.

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