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

[Ali Hussein]

James

Thanks. I've learnt a new acronym today:-

ICE :-)

As the Chinese say:-

May you live in interesting times.

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 11:34 AM, James Muritu <james.muritu at gmail.com> wrote:
> 
> Ali,
> 
> Good insights. Most Banks are now starting to view themselves as FinTech companies holding a banking licence(fundamental to Equity's success), whereas disruptive & innovative telcos are continually viewing themselves as providers of an ICE Model (Information, Communication and Entertainment). Changing times!!
> 
> James Muritu
> 
>> On Wed, Jan 4, 2017 at 11:27 AM, Ali Hussein via kictanet <kictanet at lists.kictanet.or.ke> wrote:
>> 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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>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
>> 
>> KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
> 
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