Facebook is throwing in the towel on going after YouTube and doubling-down on its attempt to take on Netflix and Hulu -- is one way to read the company’s latest news. But probably not the right one.
Last week Facebook all-but-told media companies that the free ride is over. The social network is re-engineering the algorithm deciding which videos, articles and other content to show in people’s feeds to make sure that photo of your aunt’s cat supersedes that cat video from BuzzFeed.
Facebook feels the change is needed because people’s feeds are overflowing with posts from people and companies they don’t know, eclipsing the posts from the people they do know and cutting them off from their friends and family. In other words, Facebook ...
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