Facebook Will Soon Compete With Google, Apple On News Front

Facebook might soon spot a News tab on the social media app. The News tab will offer stories and content from several outlets. Facebook is also planning to pay a certain amount of fees for creating content for the News tab, insiders say. The News tab would give Facebook its share in the news delivery market.

Facebook News Tab Features

Facebook News is the social media giant's revival plan, after having said it wouldn't emphasize the news delivery business. The upcoming Facebook News tab is the company's step towards its long-term goal of having technology companies pay for content delivered to users. Some of the participating news agencies include The Wall Street Journal, Business Insider, and other local news agencies in the US for the time being.

The Facebook News service will include a small editorial team of journalists who will pick the top stories. But largely, the Facebook News section will run on computerized algorithms that will match the user's interests. It will cover a wide range of trending reports on politics, health, entertainment, sports, technology, nature, and more.

More and more news agencies are willing to sign up for Facebook News, as Facebook is willing to pay for some content. Discussions over the shutdown of traditional media like newspapers are increasing and journalists are willing to switch to online platforms like Facebook News, as it assures payments as well as viewers, an online debate voiced.

Facebook Attempts To Curb Fake News

Facebook News will lock horns with other news services run by tech giants, Google and Apple. However, Facebook and Twitter are battling fake news and hate speeches. At the same time, Facebook's investment in the News tab clashes with the pressure the company is facing over political and regulatory issues.

"[We are] working with the news industry to get Facebook's News tab right is our goal and focus this year. We are getting tremendous partner feedback on the product, and looking forward to launching this very soon," said Campbell Brown, Facebook's vice president for global news partnerships. Facebook hasn't revealed details about the launch date for the News tab yet. But Zuckerberg will be meeting News Corp CEO Robert Thomson on Friday, 25 October for discussions.