“Media companies are like serfs working Facebook’s land.”
Content companies, really. Anybody can make content now. Look who's mentioned in the article as an example of a "news source" - the CEO of "Thrillist", "NowThis News", and "Dodo". It's owning the pipes, and being able to restrict them, that makes money.
This is a big change. The Internet was supposed to be about disintermediation. Anybody can view CNN, Fox News, Russia Today, or the South China Morning Post at any time. Yet about half of Americans get their news on Facebook. Facebook isn't even a very good news aggregator.
Remember, sharing is spamming. When you "share" a story, you're just helping a spammer spam.
Content companies, really. Anybody can make content now. Look who's mentioned in the article as an example of a "news source" - the CEO of "Thrillist", "NowThis News", and "Dodo". It's owning the pipes, and being able to restrict them, that makes money.
This is a big change. The Internet was supposed to be about disintermediation. Anybody can view CNN, Fox News, Russia Today, or the South China Morning Post at any time. Yet about half of Americans get their news on Facebook. Facebook isn't even a very good news aggregator.
Remember, sharing is spamming. When you "share" a story, you're just helping a spammer spam.