A group of billionaires, led by LinkedIn founder with ties to Democrats Reid Hoffman and George Soros, are banding together to bankroll a new media corporation whose goal they say is to fight what is described in dramatic language as “the disinformation crisis.”
They are joined by Ken and Jen Duda and Incite Ventures in providing millions in seed investment funding to Good Information Inc., which is registered as a public benefit (for profit) corporation.
And its head is Tara McGowan, who also has strong ties to Democrats, having worked for the party as a strategist. She was also behind a $100 million internet campaign, ACRONYM, set up to help Joe Biden win the 2020 US presidential election.
The new group will give money to media outlets and “solutions” that they identify contribute towards the goal of combating misinformation, McGowan said while announcing the Good Information Inc. investor line-up.