Facebook
deal with major publishers that allows Facebook to host their content is at
once the smartest and dumbest move publishers could make as while they could
take a bite out of Facebook growing ad revenue, they lose the prized commodity
of any business in the modern age, the time and attention of their consumers.
Facebook
endgame is obvious as the social network clearly wants to own it's audience as
it makes it money from the time and information it users spend and share on the
platform and the biggest impediment to that is publishers and other content
creators who take their audience out of the Facebook platform and on to their
own. Facebook Instant Articles CMS (Content Management System) serves as a way
to get publishers to publish content on Facebook directly which allows Facebook
to host the publishers content and gain leverage on them as they become
dependent on the money they'll make either selling ads on the platform around
their Facebook content or allowing Facebook to sell it for them.
Publishers
however aren't stupid and are fully aware of the risks of allowing Facebook to
host their content directly. Publishers see their use of Facebook new CMS as a
way to get their hands on the mobile ad cash Facebook has been earning and
they've been largely losing out on. However, letting Facebook host their
content directly for more mobile ad cash is not a great trade.
In
fact, it just might the worst trade in
history of publishing as like it or not publishers are in the same business
Facebook are in and with a gang of publishers signing up to use Instant
Articles, it's clearly a sign that publishers have waved the white flag.
Facebook are much better at attracting and holding the attention of their users
than publishers ever were and the fact that Facebook are making Publishers give
up their content, the only edge they have over the social network who produces
none whatsoever, is a quiet omission that they can't win or even hold their
ground in the battle for the consumer's time or data.
Facebook
real competition is obviously Google as search and social media advertising
giants square up against each other in the mobile ad space but with Instant
Articles, Facebook has managed to what Google has failed miserably to
accomplish, get publishers on side. It's one of the most delicious ironies of
our age that two companies that produce no content have a grip over content
creators in general with Google, through its ownership of YouTube, dominating
the online video market and Facebook now beginning to tighten their grip over
publishers.
Expect
this trend to get worse as both companies continue to flex their muscles and
both content creators and publishers find themselves having to grin and bear
the consequences both companies slowly asserting themselves as media
owners.
In
sum, the decision of publisher to trade their content for better mobile ad
performance may prove to be a poor long term decision but in truth, Publisher
are just a pawn in Facebook larger chess game with Google in the battle over
the time and attention of consumers on the web.
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