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Technology Facebook will reportedly launch 'news' tab on Friday

06:30  24 october  2019
06:30  24 october  2019 Source:   cnet.com

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Facebook on Thursday confirmed that it is working on a news tab feature to deliver topical stories to users that will launch this fall. Facebook CEO Mark Zuckerberg had mentioned news tab as an idea in a video he posted to the social network in April. The company is reportedly in discussions to pay

Calling itself a 'Fifth Estate', Facebook has reportedly entered into deals with prominent media houses to launch a dedicated news tab on its platform. The section would reportedly be free for users, though Facebook might pay publishers whose work is featured. Facebook is in talks with news

Facebook plans to launch a dedicated "news" tab that will offer its users access to news stories from hundreds of news organizations, The Washington Post reported Wednesday. The move returns Facebook to the news-delivery business, putting it in competition with Apple and Google .

a close up of a bench: Facebook may be finding a place for news again. Getty Images© Provided by CBS Interactive Inc. Facebook may be finding a place for news again. Getty Images

This is a move Facebook has been exploring and talking about for a while. The Wall Street Journal reported in August that the social network had approached news outlets, including ABC News, Dow Jones, The Washington Post and Bloomberg, and offered to pay as much as $3 million to license content for its news tab.

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Facebook will soon launch a new tab dedicated to news , and the tech giant has already reportedly reached deals with several prominent publishers On Friday , the publication said it reached a deal with Facebook , which is also said to be working with the New York Post, Washington Post, BuzzFeed

Calling itself a 'Fifth Estate', Facebook has reportedly entered into deals with prominent media houses to launch a dedicated news tab on its platform. According to the Wall Street Journal, publications like News Corp, Dow Jones, New York Post

Facebook, along with Twitter and other social networks, have been stepping up their efforts to combat the spread of fake news on their platforms after facing criticism for not doing enough. A study earlier this year by the Pew Research Center found 60% of US adults who prefer getting news through social media said they had shared false information.

a close up of a bench: Facebook may be finding a place for news again.© CNET

Facebook may be finding a place for news again.

Facebook CEO Mark Zuckerberg appeared to preview the announcement during his testimony Wednesday before the House Committee on Financial Services.

"Later in this week we actually have a big announcement coming up on launching a big initiative around news and journalism where we're partnering with a lot of folks to build a new product that's supporting high-quality journalism," Zuckerberg said in response to a question about Facebook's responsibility in the realm of media literacy.

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Facebook will launch its new human-curated service for promoting news articles at an event Friday , a company spokesperson told POLITICO today. Facebook has for months teased the product, which will reportedly be curated in part by veteran journalists hired by the company.

Facebook is planning to launch a new " news " tab in the next few months, focusing on trustworthy news from prominent publishers. The Wall Street Journal broke the news Thursday, claiming that Facebook has approached publishers such as ABC News , Dow Jones, The Washington Post and

"I think there's an opportunity within Facebook and our services to build a dedicated surface -- a tab within the apps, for example – where people who really want to see high-quality, curated news, not just social content, but from high-quality publishers, could go and consume that content."

Last year, Facebook abandoned an idea to separate users' news feeds into two feeds: one for personal posts from friends and family, and another one called the "Explore Feed," for brands, publishers and other businesses. Zuckerberg said at the time that the news feed would shift its focus to personal posts from family and friends, and away from viral videos and news stories. When it did show you news stories, the company said it would prioritize local news outlets that Facebook users have deemed more trustworthy.

In April, Facebook outlined new steps to stop misinformation, scams and other "problematic" content from going viral on the platform, with some of the changes applying to private Facebook groups.

A Facebook spokesperson confirmed that Zuckerberg plans to meet Friday with News Corp CEO Robert Thomson to discuss journalism in the digital age. Facebook News will also be a topic of discussion.

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David Marcus, Facebook's blockchain boss, reportedly says the main goal is creating a more efficient payments system. Libra took a hit earlier this month as several of founding members of the Libra Association, the nonprofit overseeing the project, dropped out, including PayPal, eBay, Stripe, Visa and Mastercard. The departures come amid mounting criticism of the Libra project, which was unveiled in June and immediately met skepticism from politicians, regulators and nonprofits.The Libra Association declined to comment. Facebook didn't immediately respond to a request for comment.

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