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Facebook says it will pay news industry $1B over 3 years

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Re: Facebook says it will pay news industry $1B over 3 years

#21

Post by joering2 »

asymptosis wrote: post #9

So Murdoch's empire gets propped up to the tune of over $300 million per year and needs nothing in exchange except keep sending traffic to his sites. Bad news for Australia for starters, but don't think Murdoch will be content just with drinking our blood. He's coming for USA and UK too, and now he has a tested playbook for getting Facebook & Friends on the leash.

He is coming for USA?? This is like 10 years old news. He is destroying American at least since the first Obama term. Just turn at any time see the hate they spew. You have to be blind or brainwashed by FN not to see these people agenda is to divide America from within.

Re: Facebook says it will pay news industry $1B over 3 years

#22

Post by sytelus »

asymptosis wrote: post #9

So Murdoch's empire gets propped up to the tune of over $300 million per year and needs nothing in exchange except keep sending traffic to his sites. Bad news for Australia for starters, but don't think Murdoch will be content just with drinking our blood. He's coming for USA and UK too, and now he has a tested playbook for getting Facebook & Friends on the leash.

For a right price, politicians can pass any laws just for you. This whole thing is an amazing case study.

Re: Facebook says it will pay news industry $1B over 3 years

#23

Post by hertzrat »

sircastor wrote: post #20

I don’t like Facebook, and I think the way it abuses its position is awful, but I don’t understand the position of the news industry or the judiciary supporting the industry. If I were to stand on a corner and tell people what was on the menu and the daily special of a cafe down the block, I cannot think of a situation where that cafe would think they were owed money for my doing this. I understand that Facebook and…

Your analogy needs to be reworked a bit. Information about what’s in the menu doesn’t solve the hunger problem. Headlines or summaries can solve peoples information problem. Your analogy works slightly better for Yelp actually. Apparently the restaurant industry is upset about it but I’m not familiar enough with the issue to know why

Re: Facebook says it will pay news industry $1B over 3 years

#24

Post by [deleted] »

sircastor wrote: post #20

I don’t like Facebook, and I think the way it abuses its position is awful, but I don’t understand the position of the news industry or the judiciary supporting the industry. If I were to stand on a corner and tell people what was on the menu and the daily special of a cafe down the block, I cannot think of a situation where that cafe would think they were owed money for my doing this. I understand that Facebook and…

[deleted]

Re: Facebook says it will pay news industry $1B over 3 years

#26

Post by yowlingcat »

hertzrat wrote: post #23
sircastor wrote: post #20

I don’t like Facebook, and I think the way it abuses its position is awful, but I don’t understand the position of the news industry or the judiciary supporting the industry. If I were to stand on a corner and tell people what was on the menu and the daily special of a cafe down the block, I cannot think of a situation where that cafe would think they were owed money for my doing this. I understand that Facebook and…

Your analogy needs to be reworked a bit. Information about what’s in the menu doesn’t solve the hunger problem. Headlines or summaries can solve peoples information problem. Your analogy works slightly better for Yelp actually. Apparently the restaurant industry is upset about it but I’m not familiar enough with the issue to know why

> Headlines or summaries can solve peoples information problem.

They can also create information problems. It's not cut and dry.

Re: Facebook says it will pay news industry $1B over 3 years

#27

Post by sitevas35 »

sircastor wrote: post #20

I don’t like Facebook, and I think the way it abuses its position is awful, but I don’t understand the position of the news industry or the judiciary supporting the industry. If I were to stand on a corner and tell people what was on the menu and the daily special of a cafe down the block, I cannot think of a situation where that cafe would think they were owed money for my doing this. I understand that Facebook and…

That's not the problem. The problem is that with Facebook and Google people do not go to the actual news sites anymore which in turn don't earn any money.

The analogy would be that people would then be satisfied by you reading them the menu and would not actually go into the coffee shop, but rather just enjoy the thought of the menu summary.

Re: Facebook says it will pay news industry $1B over 3 years

#29

Post by jedberg »

sircastor wrote: post #20

I don’t like Facebook, and I think the way it abuses its position is awful, but I don’t understand the position of the news industry or the judiciary supporting the industry. If I were to stand on a corner and tell people what was on the menu and the daily special of a cafe down the block, I cannot think of a situation where that cafe would think they were owed money for my doing this. I understand that Facebook and…

Your analogy isn't quite right. More like this:

There are a bunch of stores in your area that offer free samples. You open your own store where people can tell you what stores they like, you go and grab the free sample, and then give the sample out at your store for free in exchange for there person's email and phone number and filing out a survey on which samples they like. Then you tell them where the sample came from and also sell their name and number and preferences to advertisers, some of whom are the stores you're getting samples from. Really hungry people will go to the store and pay for more, everyone else will be happy with the samples you gave them and walk away, maybe telling their friends how good it was. Your store gets hugely popular and has way more visitors every day than any of the local stores.

Now the government comes in and tells you that you have to pay for your samples, but regular people can still go to those stores and get their free samples.

But see, this is why I think Facebook was right here. If the stores really didn't want you doing this, they could just not give you a free sample. I'm not sure why the government needs to step in here at all. If you're providing a benefit to the other stores (more foot traffic) than why should they get paid? And if the traffic you are providing isn't good, why should they let you get the free samples?

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