Mark Zuckerberg’s brainchild, Facebook has now had quite the tainted life. From being accused to influence the US general elections to actually allowing fake news to be broadcast to users. While a big chunk of the world is still addicted to Facebook, it is mostly the memes and friend updates that keep it going.
A recent edition, the marketplace, was quite a success and allowed a platform for potential buyers and sellers without enforcing some middleman premium. Along the same lines, Facebook aims to launch a new news service. This news is reported by WCCFTECH recently and claims that the company would officially announce it this Friday.
According to the article, Facebook would be partnering up with News Crop to bring content to the users. This was reported first by Vox. Currently, Facebook does contain news pieces but in an informal way. There isn’t any proofreading or fact-checking involved either so there is a chance that what you may have just read in a sketchy article on Facebook, was a complete sham. In the effort to bring services, Facebook would be having a team of editors who would vet these articles to ensure legitimacy to the news posted. Apart from that, the company would pay publishers to post their news on the website/app via a contract system. It should be noted though that not all publishers would not be paid, and this would just lead to a following which they can later use to attract users to subscribe. This would be displayed in a new tab, similar to the videos one on the current version of the app.
A big plus for the end-user, in this case, is the fact that they would not have to pay subscription fees for news apps and services. As mentioned in the article as an example, you’d be able to access a Wallstreet Journal post for free. It is quite clear that Facebook would be competing with companies like Apple with its new News+ app. With the current model though, the former clearly seems to have an advantage.