How Facebook is becoming the Wal-Mart for news

April 1, 2015 12:03 PM

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As reported last week in The New York Times, Facebook may start directly hosting the content of various news websites, starting with The New York Times, BuzzFeed and National Geographic. What this means for Internet users is that instead of seeing a summary of an article on Facebook, clicking, reading it on the publisher's website, then coming back to Facebook to discuss the article, you'll just read the whole thing right on Facebook - which will share the advertising revenue it generates from managing the publishers' articles. What this means in the larger sense is that the Internet will become more centralized.

In the early days of the Internet, websites were individual islands of words and images, connected via hypertext links. Anyone who wanted to could set up a website and start publishing. Publishers managed their own content and websites, sold advertising space to advertisers, and subscriptions to sub...

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