Facebook CEO Mark Zuckerberg
Facebook is a social media conglomerate which has acquired a number of companies like Instagram, WhatsApp, and Oculus VR. Facebook also arguably the hardware and software companies.
For many people, Facebook can also be considered a media company because Facebook provides various information needed by users.
However, Facebook CEO Mark Zuckerberg did not want his company called the media company.
The information quoted from Business Insider, Friday (02/09/2016), Zuck mention that Facebook is a technology company.
"We're a technology company, we are not a media company. When you think about the media companies, they are who create content, edit content, and it is clearly not Facebook," Zuckerberg said.
He continued, Facebook is a technology company, for up to develop tools, instead of creating content.
"We are here to provide tools that bring the experience of connecting people, businesses, and institutions around the world. According to your wishes," added the 32-year-old man.
However, the reality did not step up as disclosed Zuckerberg. Currently Facebook has 1.7 billion active users worldwide, mostly to access news from social networks Facebook. Facebook is the primary reference point for someone to get into a news page.
Until last Friday, Facebook also hired a team to curate and organize sexy Trending Topic on Facebook. The team so it sounds like the editorial team. Not only that, Facebook is also making editorial assessment regarding the type of violence as what can be shown on the video Facebook.
For example, when Diamond Reynolds asked Facebook Live, which livestreaming when he shot and killed his girlfriend Philando Castile. When that Facebook remove the video, but aired back an hour later.
Facebook also funded media producers such as The New York Times, Buzzfeed, Vox, and Business Insider to create a content shown on Facebook Live services.
Change Display News Feed
12 year old social network that also changed its News Feed system and make it look as traditional Facebook content such as photos and other baby.
Because of changes to News Feed and Facebook reluctance considered a media company, there are a lot of chaos. For example dismiss the editorial staff who work behind Trending Topic. In fact, the error in the Trending Topic on Facebook makes Fox News anchorwoman Megyn Kelly dismissed.
Therefore, Trending Topic run unattended editor so no one would check whether the scattered information was true or not.
Then, an attempt to fix it is to delete Facebook Trending Topic. This is certainly not a major disruption for users who have read it. Therefore, Facebook does not regard itself as a media company.
Meanwhile, CNN Senior Correspondent Brian Steller mention the definition of media companies. According to him, the company is a media company that provides information to the user and to profit from selling advertising.
Therefore, by definition Steller, Facebook is a media company. "Facebook did not produce information, but distribute it and benefit from advertising," says Steller.