Facebook ate and then ignored the news industry

celmit@lemmy.ca to Technology@lemmy.world – 176 points –
Facebook ate and then ignored the news industry. It's hard, but we should leave it be
abc.net.au
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i don't think we should act like journalism was in a great place before.

FB capitalized on a weakened industry, but it was the industry itself that was responsible for that state.

they really fucked themselves by not transitioning to the new market, instead insisting that it was the customers that were wrong. all these years later, i've yet to see a news outlet that would be worth the subscription fee. they're mostly recycling content from other, free sites anyway.

once the older crowd passes, traditional news outlets are done for. the ones that remain will be the ones that were providing the content all along.

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