Facebook made itself indispensable to media companies, "pivoted to video," changed its mind, and triggered a industrywide mass extinction event

From the beginning, Facebook's strategy was to build a walled-garden-cum-roach-motel: content and users checked in, but they never checked out, so over time, everyone and everything was captured within the site, and a prisoner of the whims of its algorithms. Read the rest “Facebook made itself indispensable to media companies, "pivoted to video," changed its mind, and triggered a industrywide mass extinction event”