Twitter and Facebook have differing business models

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Both Facebook's and Twitter's mostly left-leaning workers are increasingly upset that their bosses are not doing enough to prevent the spread of misinformation

butting heads has been a constant theme of the technology industry. When the personal computer was still young, Microsoft’s Bill Gates, a super-pragmatist, was pitted against Apple’s Steve Jobs, an extreme aesthete. In business software, a later duel was fought between Oracle’s Larry Ellison and’s Hasso Plattner, who locked horns because they were so alike.

At first blush, Twitter and Facebook look similar. Each is a social network, connecting users online and presenting them with content in a “feed”, a never-ending list of posts, pictures and videos of pets. Each makes money by selling advertising, and thus has an interest in using every trick to attract users’ attention. And each employs gobbets of data gleaned from users’ behaviour to allow advertisers to hit targets precisely, for which they pay handsomely.

This goes a long way towards explaining why in 2019 Facebook boasted nine times the users, 21 times the revenue and 12 times the profit of Twitter . More importantly, the strong network effects are a prime asset that Facebook has defended vigorously: it has spent vast sums on buying firms it considers likely future competitors, such as Instagram, acquired in 2012 for $1bn, and WhatsApp, for which it paid $19bn in 2014.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'Are not doing enough to curtail free speech backed opinions necessary for discourse in a liberal society which is increasingly hijacked by butthurt ideology imposing extremists who promote violence and doxxing on counterviews'. Like Hitler's Germany, Stalin's Russia or Sharia.

If leftist calls anything 'misinformation' then you must be sure they are talking about truth...

Double standards.Theirs is the real news and the others' is misinformation.Who's the curator here?

只有某種傾向的老闆才會選擇同一傾向的員工

While Twitter allows for a more diverse and open minded virtual platform for me. On Facebook I am violated for things I clearly didn't do like the first picture. I was flagged for making a joke but this insensitive post about the death of George Floyd is DOMINATING my feed.

Facebook is absolutely lost. I admire twitter for standing against that Dictator. However, Mark Zuckerberg allows my feed to be full of Trump's racist bigoted and bullying tweets but he doesn't allow the common man to voice their opinion about white supremacists.

So are you suggesting by this that the right-leaning employees of Facebook and Twitter are just fine with the spread of misinformation? That certainly is a logical conclusion from your Tweet. May be unintended but there it is.

FB and Twitter are forums and §230(c)(1) provides immunity from liability for providers and users of an 'interactive computer service' who publish information provided by third-party users. They cannot screen information posted by anyone. If they do, they lose this immunity.

What's the Economist team look like? Are they voting Green or for the money?

Mark Zuckerberg and Sheryl Sandberg are despicable people. DeleteFacebookNow DeleteFacebook

You mean information that contradicts their bias left wing propaganda

Fascism is profitable. That’s why Trump is still on Twitter.

SHUT DOWN FAKE NEWS---LIES AND HATE---AMERICA DESERVES BETTER

Left-leaning workers with fat salaries. Easy to patronize if you never pay a workers salary.

Poor things, working at the wrong place at the wrong time. They would be model employees for Soviet 'Pravda'.

Just step back for a moment and you will see the beginnings of the destruction of civil society in the USA, and the takeover by insane mobs. The last chapter in the Rise and Fall of the Roman Empire. Self styled Armageddon.

I’m upset that they’re not preventing the spread of 5G CORONA

Their definitions of “misinformation” include true things they disagree with.

Leftist : it’s misinformation if the fact is inconvenient to the leftist narrative

You mean spread of information they don’t agree with!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The electric delivery van is America's next top car model - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👍👍 Maybe a takeover of this German company, that can, could solve the problem: j_snibs Amazon ordered 100k units of delivery vehicles from your ugly EV maker. That's the only thing that'll make them a relevant company 😌.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook has an identity problem — and it's tearing the company apart - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The Real Technologies are Fake in Reallife not, in Fb and www It’s probably a little deeper than an identity crisis. Being a propaganda arm for Russia and a disinformation tool for Republicans could be the issue. Or unequal treatment of information from each side. Then there’s the refusal to censure Trumps lies. And selling our data to CA There is no need for revenge. Living happily ever after is a sign that you have not let the past beat you.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook employees say Trump is testing them, and leadership failed: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Employees can be replaced if they don’t like what management is doing. There are thousands looking for a job. SO QUIT How many of them ?
Source: BusinessInsider - 🏆 729. / 51 Read more »