Sara Fischer
Facebook doubles down on curated News Tab
Facebook is looking to introduce more news products for its News Tab in the coming months, including more curated collections around big events and breaking news. The News Tab, a separate destination for news on Facebook from publishers selected by the tech giant, has helped the company address regulatory scrutiny that it doesn't do enough to combat misinformation. It is currently live in the US, UK, Australia and Germany, with other English-speaking countries in consideration.
The age of the à la carte internet
Media that were once free or easily accessible — including news websites, podcasts, TV shows and games — rushed to get behind paywalls during the pandemic. This accelerating trend is carving the internet into many niche audiences, Balkanizing our collective media diets. News publisher paywalls took off in 2020 and have seen sustained gains since; users are running into paywalls across a range of media, discovering they must now pay for content that was once free. Even podcasts, traditionally the most open and freely available media via RSS feeds, are moving behind paywalls. There's no clear
Why Verizon sold AOL and Yahoo for about 1% of their peak valuation
The upcoming sale of Yahoo and AOL to a private equity firm for $5 billion represents a massive media markdown. At their dotcom bubble peaks, Yahoo and AOL were valued at more than $125 billion and $200 billion, respectively, or $193 billion and $318 billion in 2021 dollars. AOL made one giant mistake. It famously bought Time Warner for $182 billion in cash and stock in 2000, saddling the company with debt just before the dotcom bubble burst and the rise of broadband made AOL's dial-up services virtually obsolete.
Tipping is taking over the internet
Nearly every major social platform has recently introduced some form of tipping, allowing users to directly support their favorite personalities in real time. The popularity and availability of payment platforms such as Venmo, CashApp and Stripe are making it easier for tech companies to enable peer-to-peer payments on their platforms. For creators, getting money from users directly is critical because platforms are not financially incentivized to pay out most people directly.
The pandemic sped the shift to digital media
The COVID-19 crisis drove digital media consumption to new heights, while traditional media stagnated, according to data from eMarketer. Time spent with media overall increased significantly during the pandemic, thanks to lockdowns that people spent online. Time spent with digital increased 15% in 2020 from 2019 to 7 hours, 50 minutes daily. Connected TV saw a 33.8% increase in usage last year, to 1 hour, 17 minutes per day. Subscription streaming saw a 33.9% increased in usage to 1 hour, 12 minutes per day. Digital audio saw a 8.3% increase in usage to 1 hour, 29 minutes per day.
Internet blackouts skyrocket amid global political unrest
Where there’s a coup, there will probably be an internet outage. At least 35 countries have restricted access to the internet or social media platforms at least once since 2019, according to Netblocks, a group which tracks internet freedom.
Media's failed attempt to take on the Facebook-Google "duopoly"
The only competitor challenging the growth of Google and Facebook's digital advertising dominance of late is Amazon. A years-long effort by major media companies to take on "the duopoly" has mostly fizzled out -- although media companies and activists have been successful in putting regulatory pressure on Google and Facebook, and that seems to be playing out in their favor, if ever so slightly.
The WeChat ban vs. the First Amendment
The Trump Administration said it would challenge a federal court ruling Sept 20 that temporarily blocked its attempt to curb the use of Chinese messaging and e-commerce app WeChat in the US. WeChat's ban has had a lower profile than TikTok's, but the fate of the app, widely used by Chinese people around the world to stay in touch with family and friends, is at least as consequential. The ruling suggests that WeChat's fate in the US could be decided not only on grounds of national security and commercial regulations but also around freedom of speech principles.