Facebook Finally Admits It’s A Giant Media Company—Almost

Most the population knows the social media hub called Facebook but did you know Ever since it first launched, Facebook has resisted being described as a media company. Founder and CEO Mark Zuckerberg has instead insisted that the social network is just a platform for ideas. Still, it certainly meets Webster’s definition of media: “the means of communication, as radio and television, newspapers, magazines, and the internet, that reach or influence people widely.

Key Takeaways:

  • Ever since it first launched, Facebook has resisted being described as a media company.
  • he continued to insist that he didn’t want Facebook to become “arbiters of truth”—in other words, editors who choose what people should and should not be reading.
  • the means of communication, as radio and television, newspapers, magazines, and the internet, that reach or influence people widely.

“All that’s missing is the actual reporting and writing—which is what makes it a media company, rather than a publisher.”

https://www.fastcompany.com/3067148/most-innovative-companies/facebook-finally-admits-its-a-giant-media-company-almost?partner=rss

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