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Couple of interesting details so far:— Michael Nuñez (@MichaelFNunez) October 25, 2019
- Zuck admits "majority of people don't use [secondary tabs]” meaning Marketplace, Groups, Watch, Dating, etc.
- Zuck says News Tab will start small (200K US users) but he says “I think we can get to 20-30 million”
In short: Thompson et al can be bought.— Jeff Jarvis (@jeffjarvis) October 25, 2019
Just to remind everyone , News Corp is boosting a new product from Facebook for journalism , hailing it as a new platform. Is this journalism’s Free Basics moment? Where it hands over it’s development to an unaccountable business ...or is it politically significant ahead of 2020— emily bell (@emilybell) October 25, 2019
This is something Apple News and the Washington Post wrestle with as well, obviously. It's good that Zuck doesn't plan to prohibit Facebook coverage in FB News. But if you're curating news for FB for a living, hard to imagine you don't at least think twice.... https://t.co/qmNCgbuWcP— Will Oremus (@WillOremus) October 25, 2019
Thompson puts Zuckerberg on the spot and asks whether FB can pay local papers. He touts the separate product they've been developing: Today In, a local tab. He says he hopes to have financial relations there. Then he touts FB's $300m commitment to news.— Jeff Jarvis (@jeffjarvis) October 25, 2019
@sarafischer asks how News curators will handle stories about the company— Jeremy Barr (@jeremymbarr) October 25, 2019
Zuck: "The team is going to be independent. For better or worse, we're a prominent part of the news cycle. I don't think it would be reasonable to have a News tab that didn't cover what Facebook was doing"
Zuckerberg: "This is going to be the first time that we're forming long-term, stable relationships and partnerships with publishers." Nailing the rug down so it can't be pulled is critical for publishers!— Jeff Jarvis (@jeffjarvis) October 25, 2019
The timing is curious to me. Facebook rolled out a big new product for publishers in late 2015 (FB live) and paid them to use it. Now we're heading into 2020 and a similar story seems to be playing out.— David Eads (@eads) October 25, 2019
BuzzFeed CEO @Peretti says "it's a good day for the internet" because Facebook is paying $$ for access to publishers' content. "For the first time, we're seeing the platforms step up and take responsibility for their role in the news ecosystem," he says https://t.co/QpTo40mTzt— Brian Stelter (@brianstelter) October 25, 2019
Publishers can run their own ads on their news tab content and keep the revenue or they can use FB's ad network and still get "the vast majority of the revenue."— Jeff Jarvis (@jeffjarvis) October 25, 2019
“Turn down millions of dollars for work you’ve already done, because previous Facebook deals were not very good!” — media biz dev geniuses in my timeline today— Casey Newton (@CaseyNewton) October 25, 2019
"Facebook stole all the news we gave them in a desperate attempt to reach the young people who haven't used this platform in 10 years, and now we have no money to deliver the paper to people who have been customers for 6 decades." -- media company execs, 6 months from now. https://t.co/aseOKFhWgD— Allison Hantschel (@Athenae) October 25, 2019
Zuckerberg deciding to partner with News Corp for this event on the day of the launch of a major Facebook news product really says it all. they reminisced on time spent with Rupert Murdoch and Mark defended the inclusion of Breitbart as a “high quality journalism” partner— Matt Binder (@MattBinder) October 25, 2019
A positive development on the surface, but the massive power imbalance ensures that news organizations, bargaining *individually* with Facebook, will not capture anything close to their marginal revenue product or forgone advertising revenues.https://t.co/Dnfebe4KhF— Hal Singer (@HalSinger) October 25, 2019
Facebook will pay publishers, including @nytimes— Edmund Lee (@edmundlee) October 25, 2019
What’s more notable is this rare mea culpa from Zuckerberg:
“We feel acute responsibility because there’s obviously an awareness that the internet has disrupted the news industry business model,” https://t.co/n4Q82A4vHr
In 2016, Steve Bannon called Breitbart a "platform for the alt-right."— Christopher Mathias (@letsgomathias) October 25, 2019
In 2017, @Bernstein published a blockbuster piece on how Breitbart was smuggling white nationalism into the mainstream.
Now @facebook is set to list Breitbart as a "trusted" news source https://t.co/zwQmNUtJOr
For the third time in my thirteen year Twitter existance, I will post a link to TechCrunch (this article is *good*):— Zach Leatherman (@zachleat) October 25, 2019
“Meet users where they are, but pull them back to where you live.” https://t.co/NKFfWsQAJH on the inevitable future calamity that will be Facebook News.
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Facebook launches its “test” News tab in the U.S., but you may not see it yet. Sure, news orgs will participate and even get paid, but hard to believe that FB is going to help fund much journalism. Not even sure FB will stick with it tbh. https://t.co/bHACfSSIZw via @NiemanLab— Larry Dignan (@ldignan) October 25, 2019
"We have to treat local news differently than national news," @dorrine says as Facebook launches the news tab with national headliners today https://t.co/hLHPBvlfDh— Christine Schmidt (@NewsbySchmidt) October 25, 2019
She says Facebook saw that local publishers wanted in on beta tests but needed less of a lift #LION19
"as @benthompson has proselytized, FB is the aggregator to which the spoils of attention and advertisers accrue as they’re sucked out of the aggregated content suppliers. To the aggregator, the suppliers are interchangeable and disposable." @joshconstine: https://t.co/05O6ErgEao— David Moore (@ppolitics) October 26, 2019
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