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

Wed Jan 4 17:12:08 EAT 2017

The reason why companies are conducting business that traverses many
classical sectors /industries is advent of new technology and technological
innovations. Disruptive technologies are affecting the big and the small
industries. Constraining some of these companies would be killing
innovations. After being away from Nairobi city for some time and upon
visiting recently I noticed that almost all the yellow line cabs are gone.
Some of the old men that used to operate these cabs cannot even operate a
smart phone or the taxi apps.The few that are remaining do not seem to be
getting any business. The yellow cabs at JKIA and Mombasa airport are also
basically out of business as a result of sticking to old ways of doing
business. The classical method of categorizing businesses will increasingly
become redundant. Another bitter reality is that old methods of regulating
different sectors cannot work anymore. The distinction between companies in
different sectors is also becoming dimmer. If you come close home what
sector would you consider Safaricom to be? Telecom?, Financials?, Transport
/logistics?...The list is endless. Some of the regulatory bodies will
undergo major metamorphosis or disappear altogether after being rendered
irrevant.

Regards,
James

On Jan 4, 2017 4:35 PM, "Harry Delano via kictanet" <
kictanet at lists.kictanet.or.ke> wrote:

Ali,

Agreed, yes.. it's a whole new disruptive technological age we live in. And
yes, taking up key competences that span across 5/10 disciplines could
suffice‎. But when you spread yourself too thin wearing up to as many as 20
different 'hats' all at ago, you become " a jack of all trades, but a
master of only a few".. unfortunately what has become the new norm in the
true capitalist fashion is the ferocious appetite backed by huge financial
muscle to eat off into the smaller upcoming innovators' cake or gobble them
up to edge them out of the way or stem off potential competition.. rings a
bell..? Scary part is some upcoming technologies are bought off by big
players just to literally  "kill" or stifle them off.. So there's the good
and there's the utter bad, either angle you look at it.. hence we need a
strong muscled regulator..

Harry
*From: *Ali Hussein
*Sent: *Wednesday, January 4, 2017 13:02
*To: *Harry Delano
*Cc: *Ali Hussein via kictanet
*Subject: *Re: [kictanet] Zuckerberg appears to admit Facebook is a media
company

Harry

That's the beast we must tame. The pigeon holing oneself to an industry and
missing huge opportunities. There's a new meaning of *Focus* in today's
hyper changing world.

*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 12:06 PM, Harry Delano <harry26001 at gmail.com> wrote:

Ali,

They'd best pass off as a "jack of all trades"..aka "identity crisis"..

Little surprise none of the  ceo's can with pin point  accuracy  define or
place themselves exactly where they belong ..

Harry

*From: *Ali Hussein via kictanet
*Sent: *Wednesday, January 4, 2017 11:27
*To: *Harry Delano
*Reply To: *KICTAnet ICT Policy Discussions
*Cc: *Ali Hussein
*Subject: *Re: [kictanet] Zuckerberg appears to admit Facebook is a media
company

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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