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Why Facebook Inc (FB) Should Exit The News Business Entirely

Why Facebook Inc (FB) Should Exit The News Business Entirely

We wonder if it is well-thought-out or like numerous earlier moves, one that will have to be rolled back.

The changes come as the company faces criticism that social media can make people feel depressed and isolated.

¬ĎAs we roll this out, youll see less public content like posts from businesses, brands, and media. But knowing Facebook, don't be surprised if in a few years the tables are flipped.

That's more than the population of China and the U.S. combined. On the other hand, passively reading articles or watching videos - even if they're entertaining or informative - may not be as good.

Last week, Facebook announced more changes are coming to your news feed in 2018. The company earns significant cash from such operations and therefore this departure from its standard practice may actually hinder organizations that are looking to capture users' attention through advertisements on the platform. He also conceded that the public content was crowding out personal moments and depriving users of having meaningful social interactions.

"Nobody knows exactly what impact it'll have, but in a lot of ways, it looks like the end of the social news era", Jacob Weisberg, chairman and editor-in-chief of the Slate Group, said on Friday. "One of the dangers of the internet is that people can have entirely different realities, they can be just cocooned in information that reinforces their current biases", he said.

If Facebook really wants to crawl back into the "friends and family" shell - which, in any case, may already be occupied by messenger apps, some of them owned by Facebook itself - it can benefit from a strong push from regulators. Of course, this is hard to verify independently, since the company doesn't often show that data to outsiders. Facebook says its own research shows users are exposed to more divergent views on its platform than they would be otherwise.

Alarming: A&E chiefs from 68 hospitals warn patients are 'dying prematurely'
Ruth Davidson has called on the First Minister to stop cutting hospital beds while Scotland is in the midst of a "flu crisis". The First Minister insisted NHS Scotland is outperforming its counterparts in England and Wales in a number of areas.

And investors may not be happy with the changes to the newsfeed.

While the social network's business may weather the change, "many publishers are concerned that their revenues and profits have become too dependent on the social network, with some 45% of all Americans getting their news from Facebook, according to the Pew Research Center", the Financial Times reports. For example, live videos often lead to discussion among viewers on Facebook - in fact, live videos on average get six times as many interactions as regular videos.

For OCBC, in recent years, it has been looking to prioritise engaging and relevant content and this looks to be in line with the change in Facebook's revised news feed algorithm.

The other most pressing objective is to contain fake news. Yellow Journalism is alive and well in the 21st century.

News will have to remain news and if conventional and reputed media houses bank less on news for revenues and are forced to put their resources where the money is, it's bad news all the way. Otherwise, it will, IMHO, remain fiction until the source goes on record.

The UK's top three performing news sites saw a sharp fall in total engagements compared with December 2016, with bbc.co.uk down by 21.6 per cent, dailymail.co.uk down by 41.6 per cent and independent.co.uk down by 46.6 per cent. Facebook is the home of shallowness and the vapid.and the very structure of the thing will keep it that way.

The Facebook "News Feed" is the centerpiece of the social network.

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