Another Facebook App: A Way for the Barely Literate to Find News

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By Douglas A. McIntyre Published
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People who believe that the news is sacred and that readers should decide which news is important and which is not will be hit by another new media tool to dash their wishes. The worry that Facebook undermines the independent consumption of news began years ago, when it became clear that much of what its users read is based only on the recommendation of their friends. Now that trend will continue, or even accelerate. Facebook Inc. (NASDAQ: FB) will soon launch a news dissemination product called “Reader.”

The Wall Street Journal says of Facebook’s news project:

When Mark Zuckerberg founded Facebook in 2004 as a college social network, he wanted it to be a hub for users to interact with friends and classmates. Today the service is still predominantly used by consumers to keep track, via posts and photos, of friends and family. But more recently, Facebook has pushed hard to become a destination for users’ interests—a hub where they can discover news and follow real-time events and conversations.

The paper also points out that Twitter already has a way for its users to share news and information, via recommendations from people to their followers. It is yet another way that encourages people from going directly to news sources and deciding what they think is critical news and what is not.

The trouble with the social media products that “push” news from one member to another is that people with little independent judgement about news and related information rely on people whose judgment is no better. The movement toward these news recommendations often becomes the blind leading the blind. Those who are barely literate confer just as much importance, or perhaps more, on trivia from their friends as on news that the most educated people should want to know on their own.

If the majority of research about Facebook is correct, heavy users of the social network are young. Many of these people have had little experience picking their own, or being educated on what important and independent news outlets are. Rather, they look at what their friends send them, without any discernment or thought about what is critical to an understanding of the world. They have ceded that process to their “friends.”

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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