Facebook Inc’s move to fulfill its ambition to be the personal “newspaper” for its billion-plus members is likely to mean more woes for the ailing news media.
The huge social network has become a key source of news for many users, as part of a dramatic shift in how people get information in the digital age.
Company founder Mark Zuckerberg told a forum earlier this month that his goal is to make Facebook’s newsfeed “the perfect personalized newspaper for every person in the world.”
Zuckerberg said that Facebook can tailor its feed to the interests of the individual, delivering a mix of world news, community events and updates about friends or family, while a newspaper provides the same information to every reader.
“It’s a different approach to newspapering,” said former USA Today editor Ken Paulson, who is now dean of communications at Middle Tennessee State University. “It’s neither good nor bad, but it’s something a traditional newspaper can’t do.”
With Facebook, editorial decisions about what members see are made not by a journalist, but an algorithm that determines which items are likely to be of greatest interest to each person.
This may concern the traditional journalism community, but even some media experts acknowledge that Facebook appears to be able to deliver more of what people want to see, in an efficient way.
“It’s intimate, it’s relevant, it’s extraordinarily timely and it’s about you. That’s more than any newspaper can do,” said Alan Mutter, a former Chicago daily newspaper editor who is now a consultant for digital media ventures.
Mutter said that as newspapers cling to their “ancient” business model, organizations like Facebook are making the news more personal. And he said the trend would continue as younger readers shun print in favor of digital and mobile platforms.
George Washington University journalism professor Nikki Usher, who specializes in new media, said Facebook configures its news feed using an algorithm taking into account tens of thousands of factors.
“Facebook has all the data to tell you what all of your friends are reading, so you have a better chance of seeing things that you are interested in,” she said. “The reason Facebook has so many engineers and data scientists is to continually make the algorithm better. The algorithm gets stronger as more people use it.”
Facebook is a source of news for at least 30 percent of Americans and a major driver of traffic to news Web sites, according to a Pew Research Center study.
This gives the social network enormous power over the news media, which is increasingly dependent on traffic from Facebook and other social platforms.
Even though Facebook is known for its computer coding, it still must make editorial decisions, Usher said.
“What’s scary is how reactive a position it puts news organizations [in], which are trying to guess Facebook’s next move,” she said. “That’s a lot of power to put in a single organization.”
Facebook, Google and other tech firms jealously guard their algorithmic formulas.
However, observers note that a single tweak of that formula can have important consequences for news organizations.
“News organizations are trying to build their strategy around trying to guess the algorithm, and ultimately that’s a losing strategy,” Usher said.
However, with traditional news media hurting, it remains unclear how the industry can support the kind of journalism needed to keep people informed as it has in the past.
Mutter said that what people read may change — it might be sponsored or subsidized in a way that might not be transparent.
“It won’t necessarily be real journalism, but it will be content,” he said.
Paulson said that while Facebook can deliver much of the information from newspapers, “it would be hard pressed to capture the soul” of traditional print news.
POTENTIAL SETBACK: Although Chinese chip designers and foundry firms already have US EDA software, they might be unable to update those programs under new US rules The US’ latest ban on advanced electronic design automation (EDA) software exports to China might hinder Chinese chip companies from accessing advanced semiconductor technology, as they attempt to upgrade to 3-nanometer processes in the next three to five years, market researcher TrendForce Corp (集邦科技) said yesterday. The US Department of Commerce’s Bureau of Industry and Security on Friday announced bans on EDA tools for gate-all-around field-effect transistors (GAAFET), a new-generation semiconductor technology that US chipmaker Intel Corp and Samsung Electronics Co from South Korea are adopting to make 4-nanometer and 3-nanometer chips. The bureau in a statement said that gate-all-around field-effect transistor
WIDENING THE FIELD: Human resources managers must drop prejudices regarding gender, appearance and age to find the best candidates, Micro Technology said The job market for Taiwan’s semiconductor industry remained tight this quarter, as hiring activity slowed from a record high last quarter, a survey released yesterday by online human resource firm 104 Job Bank (104人力銀行) showed. Ongoing labor shortages have prompted local semiconductor firms to recruit more women and foreigners in Taiwan and in Southeast Asia, the job bank said. The talent gap in the first quarter reached 35,000 people per month, a surge of 39.8 percent from the same period last year, as the contactless economy and digital transformation shore up demand for semiconductors, 104 Job Bank said in its annual report
POSITIVE CULTURE: Pursuing 12-inch wafers earlier than peers helped TSMC lead the industry, said a former executive, whose main regret was working for SMIC in China Corporate culture at Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is what made the chipmaker a leading player in the global industry, a former executive said in an interview with California’s Computer History Museum. “One of the really important reasons that TSMC succeeded” is the culture at the firm, where “if equipment went down at two o’clock in the morning, we just called an equipment engineer,” and the worker would not complain, said former TSMC joint chief operating officer Chiang Shan-yi (蔣尚義). “We didn’t really do anything special, anything great, but we didn’t make any major mistakes,” when compared with competitors, such
Cloud computing equipment company Wiwynn Corp (緯穎科技), which counts Meta Platforms Inc as one of its key customers, is boosting capacity expansion in Malaysia through a new investment of about NT$1.94 billion (US$64.7 million), it said yesterday in a statement filed with the Taiwan Stock Exchange. The investment, which aims to help the company with business development and strategic arrangements, would be made through subsidiary Wiwynn Technology Services Malaysia Sdn Bhd to build a new factory, Wiwynn said in the filing. The announcement came about one-and-a-half months after the company started phase II of its new server printed circuit board assembly (PCBA)
RSS