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How Facebook Put Journalists Out of Business

When people step on an ant, they don't imagine it could affect a whole colony.

One lost worker won't matter in the grand scheme of things, but a dead queen will change everything. An entire colony could die.

That sort of happened to a large group of journalists. Facebook stepped on them, and the company didn't even notice.

Facebook Views

It happened when Facebook started pushing information on its platform during the 2016 election. No, not that information.

The social media company became a game-fixer changer by inflating its video views. When it reported huge viewerships, news media decided to "pivot to video" and lay off many reporters and editors.

Mashable, for example, laid off 30 employees to go to "non-news video content." Fox Sports dropped 20 writers and editors, and soon hundreds of journalists were on their way out.

The Atlantic said national media companies laid off more than 350 people between 2016 and 2018. The Bureau of Labor Statistics said newspapers have lost 7,000 jobs since 2014.

Video-Gate

There is no recourse for the dying industry, except to change with the times. The information age is now a paperless age.

Meanwhile, Facebook is making changes to address "video-gate." The company has admitted overstating video views by "60 to 80 percent."

That was in 2016, however. According to the latest lawsuit, the company has inflated its figures by up to 900 percent since 2015.

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