“Facebook rumors: fact or fiction”


An article produced by CNN attempts to set the record straight about all of the proposed changes being made to Facebook. The report is an excellent illustration of the process introduced in Chapter 5, creative destruction, which was introduced by Schumpeter. McGraw (2007) put it best when he said “creative destruction fosters economic growth but undercuts human values.” While Mark Zuckerberg may feel as though he is merely trying to keep up with the overall mission of the company, consumers are becoming more and more skeptical of Facebook and the publicizing of certain content. The major concern of users was being charged to use the Facebook, which was immediately dispelled in the article. Facebook will not charge users, however it will offer several features that increase the amount of content-sharing allowed. Privacy regulations and enabling options are explained in the article to alleviate this skepticism; however, I am sure that some users are still cautious about using the new features on the website.

It is for this reason that new media policies need to be clear, concise, and enforceable across corporations. The down-side to this is that it begins to put limits on creative industry workers. Audience attention and retention is usually a primary objective of new media outlets such as Facebook, and I feel that keeping the rules and policies open and self-regulatory will curtial many issues surrounding media work, policy, and economics.


-Isabell Rhenwrick-


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