Facebook, at last, starts new news section and to pay publishers: Facebook, with nearly 2.40 billion users, almost a third of the world's population, starts separate new News section. Out of the 15 billion dollar profit annually, Facebook is now ready to pay millions to original News publishers. Facebook users will now have the reach to News of top publishing houses without paying for them. It is now a win-win situation for all concerned to have News on Facebook.
Facebook starts testing News: Mark Zuckerberg spent hours of grueling by 60 Congress members of the Houses of Finances Committee on 23rd October. After two days, he made this big announcement in New York yesterday, 25th. It comes as a surprise to many because even in May, last year, he had said that Facebook is for communicating with people and not for consuming News.
But the continuous pressure from News Corp owner Robert Murdoch and its CEO Robert Thompson have finally succeeded. Also, the recent Apple's initiative of subscription news service sharing revenue with publishers did not do well. All this must have made Zuckerberg pay a tiny part of his enormous profit with the original publishers.