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Recode Daily: Facebook’s breakup with news, explained

Plus, Apple’s iOS has surpassed global box office revenue, robots crush humans in a Stanford reading test, and the new-money bros spawned by the cryptocurrency craze.

Adam Mosseri is a VP of Product at Facebook and leads the team in charge of News Feed.
Bartolomeo Rossi /

Here’s a round of responses to Facebook’s move away from news: On Friday, CEO Mark Zuckerberg announced that the social media site will prioritize content from friends and family over content from brands and professional publishers; live and news video will be deemphasized, too. Some see this “wild reversal” in line with Zuckerberg’s personal goal to fix Facebook in 2018 — maybe Facebook’s new ambition is to rebalance and shrink its massive and messy global footprint. Others say that in the post-Trump media landscape, Facebook killing news is “the best thing that ever happened to news.” Adam Mosseri, the product boss for Facebook’s News Feed, talks in depth about the site’s recent sweeping changes (Mosseri is scheduled to speak at Code Media next month). “Facebook is done with quality journalism — deal with it,” says media thinker Frederic Filloux, who says Facebook is moving on from news after killing such longstanding industry certainties as brand, authorship and business model.

Users of Apple’s iOS mobile operating system will spend more than $100 million a day on apps in the App Store this year — overtaking global box office revenue. Apple has reported that iOS developers earned $26.5 billion in 2017, up 33 percent from the previous year’s $20 billion. [Horace Dediu / Asymco]

Robots beat humans on a Stanford University reading comprehension test for the first time. The robots were built by artificial intelligence teams from Alibaba and Microsoft. [Sherisse Pham / CNN Money]

Ever dream about publicly rating your boss? Take a look behind the scenes at Glassdoor, the website where employees share salary information and post anonymous reviews evaluating their office environments and bosses. The second-most-popular jobs website, Glassdoor is valued at more than a billion dollars, and is also a way to report on workplace misbehavior — in the wake of the #MeToo movement, could it be part of the solution? [Lizzie Widdicombe / The New Yorker]

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