Andy Kessler writes in a story from the Wall Street Journal about his interview with Mark Zuckerberg:
I dont get the sense Mr. Zuckerberg is a big fan of traditional media. He was famously photographed at a big media powwow wearing Adidas flip-flops. I snuck a quick glance down and noticed he still had them on. Actually, I dont have a TV but I do read newspapers. But how I read them is important. I dont pick up a physical newspaperIll get sent a link. The experience is very different, given to me by different people. What my friends sent to me or what other people think and send to me.
In effect, Facebook works in a similar way, only on a grand scale with software helping pull out relevant information. In the next iterations, youre going to see real stories being produced. These people went to this party and they did this the next day and then heres the discussion that was taking place off of this article in The Wall Street Journal. And these two people went to this party and they broke up the next day. Whatever, you can start weaving together real events into stories. As these start to approach being stories, we turn into a massive publisher. Twenty to 30 snippets of information or stories a day, thats like 300 million stories a day. It gets to a point where we are publishing more in a day than most other publications have in the history of their whole existence.