From the WSJ, news of Facebook paying news outlets to license their content.
Facebook Inc. is offering news outlets millions of dollars for the rights to put their content in a news section that the company hopes to launch later this year, according to people familiar with the matter.“people familiar with the matter…”
On one hand I’d be thinking:
On the other hand, perhaps this is the start of a shift towards compensating news outlets more fairly.
Facebookâ€™s plans come as the company is facing growing criticism for its role in the news industryâ€™s struggles byÂ sucking up much of the advertising revenueÂ that used to go to newspapers. Combined, Facebook and Alphabet Inc.â€™s Google earned 60% of all digital advertising revenue in the U.S. last year, according to eMarketer.
I think we’re starting to see a swing back to being more responsible. It has started with privacy, and it is starting to show signs in content respect.
btw here’s a post from 2010 where I first started thinking through privacy and the big platforms. How naive I was then.