The Mark Zuckerberg Manifesto: Great for Facebook, Bad for Journalism - The Atlantic - 0 views
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85 percent of all online advertising revenue is funneled to either Facebook or Google—leaving a paltry 15 percent for news organizations to fight over.
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Now, Zuckerberg is making it clear that he wants Facebook to take over many of the actual functions—not just ad dollars—that traditional news organizations once had.
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Zuckerberg uses abstract language in his memo—he wants Facebook to develop “the social infrastructure for community,” he writes—but what he’s really describing is building a media company with classic journalistic goals: The Facebook of the future, he writes, will be “for keeping us safe, for informing us, for civic engagement, and for inclusion of all.”
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