The news site dubbed "The Intercept" launched with two articles, including one co-authored by Greenwald stating that the US National Security Agency is relying on electronic surveillance, such as cell phone location, rather than human intelligence, to locate targets for lethal drone strikes.
The report said the NSA "geolocates" the SIM card or handset of a suspected terrorist's mobile phone for raids and drone strikes to capture or kill suspected terrorists.
Citing a former drone operator and supported by leaked NSA documents, the report said this method has been effective in many cases in Yemen, Somalia and Afghanistan, but that innocent people have been killed by this tactic.
The former drone operator was quoted as saying the NSA unit known as Geo Cell sometimes orders strikes without knowing whether the individual in possession of a tracked cell phone or SIM card is in fact the intended target of the strike.
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"They might have been terrorists," the ex-drone operator was quoted as saying. "Or they could have been family members who have nothing to do with the target's activities."
The entrepreneur and philanthropist has pledged USD 250 million for the venture and has allocated the first USD 50 million to start operations.
According to the website, the "short-term mission" is to provide a platform to report on the documents previously provided by former NSA contractor Edward Snowden.
"Our long-term mission is to produce fearless, adversarial journalism across a wide range of issues," according to the website.
First Look Media includes a non-profit journalism entity, and a for-profit company to develop new media technology, according to Omidyar.