• News
  • Research

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.

Alabama's Ridley, Payne, Scarbrough to enter NFL Draft
After the Crimson Tide's win, UCF put a billboard up in Tuscaloosa challenging Alabama to a home-and-home series . All five of those players are juniors, with Barkley, Guice and Jones having announced they are turning pro.

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.

Leave Your Comment

Leave Your Comment


Latest News

Breaking News



Recommended

Hawaii residents run for shelter after false emergency missile alert sparks panic

The White House said in a statement that, "The President has been briefed on the state of Hawaii's emergency management exercise". Lucie couple were two of the 1.3 million people who got an alarming alert on their phones, Saturday morning.

South Korea to unveil decision over 'comfort women' deal with Japan

The comfort women issue has been a regular cause for contention between Japan and neighbours China and North and South Korea since the war.

Flight Takes Off In 2018. Lands In 2017

The scheduling curiosity was pointed out online by ABC7 transportation reporter Sam Sweeney, who described it as " time travel ". National Institute of Standards and Technology , Hawaii is in a time zone that is 10 hours behind Coordinated Universal Time.

No West Ham interest, says Wenger

Coquelin has gone on to make a total of 159 first-team appearances under Arsene Wenger but has never found the back of the net. West Ham are reportedly interested in the Frenchman, while their London neighbours Crystal Palace are also said to be keen.

Winter storm watch issued for OH from Friday afternoon through Saturday morning

Those with travel plans across the area should pay close attention to later forecasts as snow amounts and location could change. The strongest winds will be found from west central to south central Minnesota where winds could gust to 40 miles per hour .

Lions coaching candidate Matt Patricia favors New York Giants, report says

The longer he, or another available candidate, doesn't fill that job, the more nervous the Lions front office should feel. Patricia was on the sidelines for both of them, first as the Patriots' linebackers coach and then as their safeties coach.

John Dickerson replacing Charlie Rose at 'CBS This Morning'

Months after Rose's departure from the network, CBS News also fired former political director Steve Chaggaris from the network. Dickerson joined CBS News in April 2009 as an analyst and contributor to all of the network's broadcasts and platforms.

Suspects in death of 4-year-old MI girl captured in Georgia

Sumpter Township Police responded to a 911 call on New Year's Day and found family members attempting CPR on the helpless girl. Once there, cops reportedly found Diaz in distress and a dog suffering from a gunshot wound, according to the report.

Raiders coach Jon Gruden excited about working with Derek Carr

I don't know whose idea it was to kick off a press conference with a hype video, but I can get behind that idea. However, the new Raiders head coach will call all the plays himself - which comes as absolutely no surprise.

National Football League officials to review if Panthers followed concussion protocol

Medical personnel attended to him as he sat on the field, then took him to the medical tent on the sideline for evaluation. The organisation stipulates that any player suspected of having concussion must be evaluated in the dressing room.