Facebook just reported knock-out fourth-quarter earnings. The company hit 1.59 billion monthly active users in December.
During the conference call, the focus was on Facebook offering more real-time sharing, just like Twitter. “COO Sheryl Sandberg also highlighted how more politicians are using Facebook like a ‘town hall’ to interact with citizens, live, and how it continues to be a place where people go to talk about TV shows they’re watching,” as Business Insider reported.
“Facebook’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,” Business Insider said.
“It’s intimate, it’s relevant, it’s extraordinarily timely and it’s about you. That’s more than any newspaper can do,” Alan Mutter, a former Chicago daily newspaper editor who is now a consultant for digital media ventures, told Business Insider.
As newspapers cling to their “ancient” business model, organizations like Facebook are making the news more personal, Mutter said. And he said the trend will continue as younger readers shun print in favor of digital and mobile platforms.
The rest of the article is here.
“How the Internet killed the newspaper business” is here. One observation: “Facebook replaced community announcements like weddings, births and obituaries. Dilbert and Garfield live online through Yahoo News and other dedicated comic sites.
“More importantly, though, local newspapers are competing not against single newspapers, but all content publishers online.”