News publishers have placed too much faith in Facebook’s ability to monetize content

Few publishers seem happy with Facebook’s recent algorithm changes, Frederic Filloux writes, but there’s not much they can do because many publishers have put too much faith in Facebook. News companies started to believe they were as indispensable to Facebook as Facebook was to them, but Facebook’s de-prioritization of news in its feed shows that’s not true. Filloux predicts: “Facebook’s recent revision of its news feed components will further weaken the position of news providers, legacy media as well as digital outlets born out of social consumption.”