Mark Zuckerberg Lays Out Facebook’s New Mission Statement

Mark Zuckerberg has outlined a new mission statement for Facebook:

This is a time when many of us around the world are reflecting on how we can have the most positive impact. I am reminded of my favorite saying about technology: “We always overestimate what we can do in two years, and we underestimate what we can do in ten years.” We may not have the power to create the world we want immediately, but we can all start working on the long term today. In times like these, the most important thing we at Facebook can do is develop the social infrastructure to give people the power to build a global community that works for all of us.

For the past decade, Facebook has focused on connecting friends and families. With that foundation, our next focus will be developing the social infrastructure for community — for supporting us, for keeping us safe, for informing us, for civic engagement, and for inclusion of all.

Kara Swisher spoke with Mark over at Recode about the manifesto:

He is particularly concerned about the use of headlines as the only signal to online users. “In most news consumed on paper, the headline is not separate from the content,” he said. “Online the headline is often the only indicator and that is a problem.”

Zuckerberg seems to get how complex it is and how damaging fake news is to the Facebook platform. “Our community wants good information and no one ever said, ‘I want misinformation,’” he said.

The Economics of DistroKid

The founder of DistroKid has written a blog about the service and the growth they’ve seen in the past four years. DistroKid is a new kind of music distributor:

That means we help musicians & record labels get their music into online stores & streaming services (iTunes, Spotify, Pandora, Google Play, Amazon, and more).

Then we collect the royalties and pay out. Payments go either to the artist, or to any group of collaborators that the artist specifies, in any percentage.

This paragraph really stuck out to me:

You’re a dummy if you give any percentage of your earnings to a distributor. For goodness sakes. If you don’t use DistroKid, that’s okay — but please don’t give a cut of your earnings to any distributor unless they’re also massively promoting you and helping with marketing; the only way they’d deserve it. If we took 9% of earnings (we take nothing) there are a handful of artists who’d owe us more than $100,000 each for moving a few files around. That ain’t right.

The whole thing is definitely worth a read.

Favorite Bands (Encore Episode 143)

Encore 143

On this week’s episode of Encore I am once again joined by special guest Craig Manning. We talk about who our favorite bands are, what makes them our favorites, how that’s changed over the years and what it means to be a “favorite.” We also discuss what artists have the best chance of jumping into that list in the future. Then there’s some Grammy talk, and a look at Andrew McMahon and his career, all of his different projects, and his new album. There may be some album ranking.