@twentyforty said in The proposed News Media Laws:
@mike said in The proposed News Media Laws:
@twentyforty said in The proposed News Media Laws:
@mike said in The proposed News Media Laws:
@twentyforty said in The proposed News Media Laws:
IMHO Facebooks core business is collecting consumers and profiling them with the view of selling access to a qualified group of consumers depending on what it is you’re selling. It acts as intermediary , while guarding its valuable consumers from open access by its customers, the sellers. Facebook has amassed its 2.2b consumers through providing news in its various forms. It needs news for consumer recruitment and retention but it is not its core business.
Umm, Facebook hasn’t amassed 2.2b people by providing news. That’s a fallacy. Facebook doesn’t need news at all. Facebook has amassed 2.2b people by providing a platform were the people (users) are the content. It enables people to interact with each other and to share their lives, interests, stories and views with each other. News is something the news media corporations put on Facebook voluntarily to reach a greater audience.
The true meaning of news is different from your interpretation. It is basically information that is new. It may be in the form of gossip, a weather report, informative interaction with its consumers, a murder in your suburb and as you say sharing of each other’s lives. Regardless of what form it takes, people have a thirst for information that they don’t already have, it’s called news. And this is why people find FB useful. If it’s core business was developing a platform, then it’s been done. If it’s core business was maintaining a platform then who pays them to maintain it? No sir, it’s core business is and always has been putting people in groups and charging for limited access. Have you ever looked at the dossier they have on you?
Advertisers pay to show their advertisements. That’s who pays for it. Simple. It has nothing todo with journalists or news media corporations. In your interpretation of news the people are the news. As I said Facebook does not need the news media corporations. The 2.2b users are there because they generate the content that others want to see which allows advertising.
I think you are off track in terms of this thread and the news media deals associated with new laws. News in this instance is news generated by news media corporations or news businesses.
You’re talking about news which is generated by professional journalists etc. Why would that be of benefit to a social platform?
It’s enhanced content and professionally written. Sure some of it is gossip and opinion but it is professionally presented by those who have access and the skill to investigate.
If you asked yourself honestly why you are a member of fb, Twitter or even this forum the answer would be the same. You come on hear for news and sharing of ideas/opinions. But it’s the news which is the big bait. When an insider like the Pom delivers the news you are more accepting as opposed to say, me giving you my opinion?
Mike, if you think fb was created purely for members to enjoy chatting then you’re being naive. I agree with you, that the members are doing some heavy lifting by creating much of the news stories, but the main game is reaching out to a very large number of qualified prospects to sell something. An idea, a new potato peeler, a political point of view, whatever you want to sell. That’s where fb makes more than 90% of its revenue and that’s why it is it’s core business.
I’m not entirely disagreeing with you. However news content from news media corporations is not needed by Facebook. That’s not what Facebook is about. It really adds very little value when it can be obtained from other sources. Despite your assurances most of it is crap anyway and not very professional. I always try and go to the source and that isn’t a journalist. Have you every had a paper publish something about you, your company or a family member. If you have you will know just how distorted the news media is. It’s whatever spin they can put on it that is more likely to attract readers and hence advertisers. It mostly has very little todo with facts. There are of course exceptions but that’s what they are exceptions, they are rare.
I’ve exactly asked myself why I am on Facebook and it had absolutely nothing todo with news content generated by news media corporations. I am there to keep in contact with my relatives and friends who live in different states and on various different continents on this planet. I am also there to discuss and learn about things that interest me. I am able to discuss and chat with like minded individuals and experts in a particular field that I would otherwise never have a chance to meet.
All of my ‘friends’ are there for similar reasons.
Facebook generates revenue from my interactions by showing me advertising. It’s really not that hard to understand.
