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Logically collapses after losing TikTok and Meta contracts

News RoomBy News RoomJuly 6, 20252 Mins Read
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Logically, Inc. (formerly Arise Fact-checking) is the London-based fact-checking startup that has filed for administration. Founded in 2017 in response to the UK’sxorist’s Brexit vote AND Trump’s victory in the US, the company initially sought to address concerns about misinformation and conspiracy theories in the online space. It previously garnered multi-billion dollar contracts to combat the spread of such筐det messages, searching for an unflinching fight against biases, ignorance, AND propaganda.

However, the Guardian report revealed that Logically struggling to stay afloat after losing contracts with tech giants Facebook and TikTok raised concerns. As part of a broader political backlash, the companies rolled back previous initiatives designed to interrupt online misinformation, including anti-misinformation campaigns. This move came the same time as regulatory scrutiny over the company, particularly in the US, which highlighted concerns about potential_hyperפשרation.

In a move aimed at continuity, Logically’s assets have been transferred to another company, Kreatur, owned by Ashwin Kumaraswamy, a former director and early investor in the company. Kreatur notes that the acquisition ensures the safeguarding of Logically’s core technology, brand, and key roles over the years. The previous CEO, John RLouis, mentioned that the company has taken steps to mitigate取得了 a讲话 at the time.

The takeover also tiesLogically to its long history of employee cuts. Lettered previously revealed that Logically had laid off hundreds of employees as part of a cost-cutting strategy aimed at reducing expenses. The spokesperson for Logically protected this decision, emphasizing that the layoffs were taken lightly and that the company is deeply grateful for the contributions of its departing colleagues.

Despite thexcauses, Logically had to maintain its mission of fighting misinformation and unethical practices in the digital world. The spokesperson revealed that Sifted approached Logically during its comment butKH was not available. The company continues to operate, but the heresy ofLogically’s past is still ongoing. The broader implications of Log Pry商店’ story highlight the叠加 effects of corporate greed and regulation frustrating its long-term vision towards providing unbiased information.

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