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Facebook Inc’s shares lost as much as a quarter of their value on Wednesday.
“We believe that more and more people are prepared to pay for high quality in-depth journalism that helps them make sense of the world," CEO Mark Thompson said.
The social network has been struggling to sign up new users amid competition from nimbler rivals such as Instagram and Snapchat.
There are a ton of differences between old-media practices and new-media strategies. Here, I examine five differences between how legacy media companies and newer entities operate.
