Google and Facebook Changes Showing Impact

Google and Facebook Changes Showing Impact

In the wake of fake media placements and for better advertising results, Google and Facebook have started changing the way they post news stories. When these changes were announced, media companies expressed concern that it would impact their revenues. The Goldman Blog covered that concern. It now appears their warnings were justified. Vox Media just announced that they are laying off 50 staff. That follows layoffs at CNN’s digital news operations and at BuzzFeed. CNN, which reported the story about the Vox Media layoffs, suggest the reason for these layoffs are the changes made by Google and Facebook. Most likely there are more layoffs to come.