James Murdoch, Rupert Murdoch’s younger son, has a new mission: He wants to help try to “fix the internet.” James Murdoch’s Lupa Systems, the investment company he established after exiting as CEO of 21st Century Fox following the Disney deal, has joined up with seed-stage venture-capital firm Betaworks to launch an incubator that will invest in startups that are developing “humane tech,” including platforms and tools to combat fake news, abuse and spam on social networks.
The size of Lupa’s investment in the venture was not disclosed but it was in the “seven-figure” range, the FT reported. The joint initiative is called Betalab, which has the goal of funding early-stage startups “that aim to Fix The Internet,” according to Betaworks CEO
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