Fungible: A treatise on fungibility, or, a framework for understanding the mess the news industry is in and the opportunities that lie ahead. The younger the person you ask, the less likely it is you’ll find that link between wanting to know what’s going on and grabbing a paper or opening up a news website. They use Pinterest to figure out what’s fashionable and Facebook to see if there’s anything fun going on next weekend. They use Facebook just the same to figure out whether there’s anything they need to be upset about and need to protest against.
The Daily Dot delivers news about social media communities such as Reddit, Facebook and Youtube the way a local newspaper might deliver news about a city.
"Or don't you like to write letters. I do because it's such a swell way to keep from working and yet feel you've done something." ~Ernest Hemingway
An Open Letter to Writers of Open Letters: To those who feel compelled to address the world from Facebook, Twitter, and email chains, TEDDY WAYNE has a message: No one is listening, least of all Luther Vandross. [TheMorningNews.org]
The Like Log Study: [SLVimeo] What can we learn from Facebook reactions to online news? Sortable statistics from a study on Facebook "Likes" of major news sites and stories.
For those who haven't already heard, Facebook has recently changed their terms of service. Some people are uneasy about this, others want to lodge a federal complaint. But should we really be worried?
Microsoft buys stake in Facebook. Microsoft has paid $240m (£117m) for a 1.6% stake in Facebook that values the hugely popular social networking site at $15bn (£7.3bn). Facebook spurned an offer from Microsoft's rival Google, which was also keen to invest the site. Microsoft will also sell internet ads for Facebook outside the United States as part of the deal that took several weeks of negotiating. Mark Zuckerberg started the online social networking site in his Harvard University dorm room less than four years ago. [more inside]