[kictanet] Zuckerberg appears to admit Facebook is a media company

[Ali Hussein]

If it walks like a duck, sounds like a duck and swims like a duck... :-)

In today's complicated world however, where whole industries have been disrupted its more difficult to pigeon hole a company into an industry.. The loose definition is usually taken from the business model of companies - Say if more than 50% of your revenue comes from advertising space on your platform then you are a media company; from Software and Hardware then you are an IT/Technology Company; from voice calls/data a telco company etc. 

This however is the traditional definition hence why I'd agree with Zuckerberg in his assertions that whilst Facebook is a media company it's simply not a traditional media company.

So if we look at the local context I'd like to pose some questions:-

1. Which industry is Safaricom in? Media? Telecommunications? Banking? Entertainment? 

2. How about Equity Bank? Telco, Banking?

3. Wananchi? Media? Telecommunications? Content disruption? 

Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 

Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim


"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi

Sent from my iPad

> On 4 Jan 2017, at 10:15 AM, Mildred Achoch via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 
> Happy new year everyone,
> 
> This may be of interest:
> 
> "Facebook’s chief executive, Mark Zuckerberg, appears to have finally conceded that the social network is a media company, just not a “traditional media company”."
> 
> https://www.theguardian.com/technology/2016/dec/22/mark-zuckerberg-appears-to-finally-admit-facebook-is-a-media-company
> 
> Regards,
> Mildred Achoch.
> 
> Check out the Rock 'n' roll film festival, Kenya TV Channel! 
> http://kenyarockfilmfestivaljournal.blogspot.com
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