Facebook Inc (NASDAQ:FB) is becoming better at its aim to upend the traditional newspaper model and become your new newspaper.
In a report published by the Taipei Times, the Agence France-Presse quotes several experts in the field of journalism saying that Mark Zuckerberg’s recent remark that his Facebook Inc (NASDAQ:FB)’s newsfeed will be “the perfect personalized newspaper for every person in the world” is slowly becoming a reality.
“It’s intimate, it’s relevant, it’s extraordinarily timely and it’s about you. That’s more than any newspaper can do,” former editor of a Chicago daily Alan Mutter is quoted as saying.
What seems to be differentiating Facebook Inc (NASDAQ:FB) from other companies who are trying to bring a curated newsfeed to users is the amount of information it has on its users, another expert said.
“Facebook has all the data to tell you what all of your friends are reading, so you have a better chance of seeing things that you are interested in. The reason Facebook has so many engineers and data scientists is to continually make the algorithm better. The algorithm gets stronger as more people use it,” Nikki Usher, George Washington University journalism professor, said.
However, Usher also noted that being the newspaper of its users might be too big a responsibility to put on a single entity such as Facebook. Mutter also noted in the report that what the social network is offering is not strictly journalism but bringing content to people.
These comments about Facebook Inc (NASDAQ:FB), the second most visited website in the world this year, comes after results from a study conducted by the Pew Research Center that Twitter Inc (NYSE:TWTR) may be better at filtering content that its users are interested in.
Stephen Mandel’s Lone Pine Capital reported owning about 8.64 million shares of Facebook Inc (NASDAQ:FB) by the end of the third quarter of the year.