The Facebook Papers, Part 1: The great unbundling – Recode

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The Facebook Papers, Part 1: The great unbundling

Facebook’s mass acts as an intense gravitational force in the media industry, warping user behavior and fracturing the economic incentives that defined media companies.

via Vox: http://www.recode.net/2016/5/9/11610100/the-facebook-papers-part-1-the-great-unbundling

Digital media companies do five things. They create, host, curate, distribute and monetize content. Facebook now does four of them.