Forbes | WSJ Social, For a World Where Facebook Is the New Internet ::FB replacing Web seems a reach::

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Is Facebook a friend of news companies, or is it a rival? No matter how much success publishers have piggybacking off its traffic, they can’t escape the cruel math: The more of their time consumers spend on Facebook and other social networking hubs, the less they have left over for news sites.

Read the full piece at forbes.com

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