The daily referendum, or why Michael Bloomberg likes social-media revenue better than social-media products

daily-referendum-or-why-michael-bloomberg-likes-social-media-revenu
Briefing: Bloomberg and reporters. (Azi Paybarah )
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Mayor Michael Bloomberg has frequently used his office to tout New York's technology sector and new media industry as a way to diversity New York's economy, particularly after the collapse on Wall Street. He celebrated the opening of Facebook's New York office, and has gone out of his way to cheer other tech companies opening here as well.

But while he loved the economic activity that local social-media businesses can bring, his comments in Singapore about how social media makes govering harderindicate that he's not totally convinced about the value of what they actually do, which is to make things a little too immediately democratic: “We are basically having a referendum on every single thing that we do every day,” Bloomberg said.

Social media channels will no doubt be flooded with complaints about what Bloomberg said. And Bloomberg, from the sounds of it, will do his best not to notice.

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NY-27

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