Why Facebook’s New Publishing Tool is a Threat to Twitter
Since the beginning, Facebook has been a place where people share what they’re doing. They post pictures, videos, and status updates that let their friends and family know what’s going on in their lives at that very moment. Some use it to post thoughts on things that are happening at that moment. Others simply share the latest joke they heard. For the most part, Facebook has not been successful at driving traffic to websites relative to its size.
That has changed in the last year. People are more open and willing to open links from Facebook. They are willing to use it to see interesting posts on blogs and news websites. This can be most easily seen from sites like Buzzfeed that saw a 855% increase in traffic year over year compared to a “mere” 208% for news site TIME.
The one thing they haven’t mastered is in real-time news. That’s Twitter’s wheelhouse. Despite the shared real-time nature that the sites share, the simplicity and chronological order of posts on Twitter make it a faster way to see the current links of immediate stories. Publications can post much more often to Twitter without losing followers than they can on Facebook where over-publishing can force them to lose fans. Facebook’s new publishing tool hopes to change that.
With the new tool, publishers will be able to see what stories they have on their website that have not been published to Facebook. They’ll also be able to see which ones they should post to Facebook based upon its success in being posted by other users. The immediate goal for Facebook is to encourage publishers to post more often. The end goal is to get them to spend money promoting their posts because of the attention that they’re able to get.
Facebook is already the highest traffic-sending social media site out there, but those numbers are misleading. Relative to their size, they’re actually not sending nearly as much traffic as they could. If they could get more publishers to share more content (something they’ve tried and failed at in the past) then their chances of turning that into additional ad revenue increases.
This is a problem for Twitter. They are banking on major media outlets to pay them for more exposure. Facebook is already making tremendous strides in the business world through their advertising program. If they can take dollars from publishers, television, and other media outlets, it could hurt Twitter in their bread and butter business. Twitter needs publishers to want to promote their posts because they are more effective at the news than at direct business engagement.
Facebook owns business marketing. If they can take over media promotions as well, Twitter might be left with a big chunk of their advertising dollars (as well as their hopes for the future) heading to their nemesis.