Social media hasn’t just swallowed journalism, it has swallowed everything. It has swallowed political campaigns, banking systems, personal histories, the leisure industry, retail, even government and security. The phone in our pocket is our portal to the world. I think in many ways this heralds enormously exciting opportunities for education, information, and connection, but it brings with it a host of contingent existential risks
First, news publishers have lost control over distribution.
Second, the inevitable outcome of this is the increase in power of social media companies.
- Emily Bell, Facebook is eating the world