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Facebook's is Increasingly Becoming to the News Business What Amazon is to Book Publishing

10/26/2014

On October 26, 2014 Ravi Somaiya published an article in The New York Times entitled "How Facebook is Changing the Way its Users Consume Journalism."  A caption to an image in the article stated that "30 percent of adults in America get news from the social network." From the article I quote the first third:

"MENLO PARK, Calif. — Many of the people who read this article will do so because Greg Marra, 26, a Facebook engineer, calculated that it was the kind of thing they might enjoy.

"Mr. Marra’s team designs the code that drives Facebook’s News Feed — the stream of updates, photographs, videos and stories that users see. He is also fast becoming one of the most influential people in the news business.

"Facebook now has a fifth of the world — about 1.3 billion people — logging on at least monthly. It drives up to 20 percent of traffic to news sites, according to figures from the analytics company SimpleReach. On mobile devices, the fastest-growing source of readers, the percentage is even higher, SimpleReach says, and continues to increase.

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