Facebook is
working on a new feature that will showcase lists of curated content from
publishers directly in the News Feed, according to two people familiar with the
project and internal documentation seen by Business Insider.
The feature is called
Collections and functions similarly to Snap chat’s Discover section, which
showcases news stories, listicles, videos and other content submitted by
handpicked media partners.
Facebook has
approached media and entertainment companies in recent weeks to create content
for Collections, but has not given a time frame for when the feature will be
made available.
Facebook's effort to
create Collections comes as it struggles to distinguish between high-quality content
from established media outlets and the glut of low-quality, fake news stories
that go viral across the social network. The company has faced sharp criticism
for its role in spreading fake news stories during the U.S. presidential
election.
The move could also
help Facebook forge stronger ties with publishers as it competes
with fast-growing Snapchat. The app's Discover section of youthful,
tabloid-esque news stories is seen every day by its more than 150 million
users early Collections partners have been told that content they create will be
inserted into the News Feed by Facebook, effectively giving them direct
-- and potentially much broader -- access to the social network's
vast audience of 1.8 billion users. Currently, publishers must either garner
likes from users for their content to be seen in the News Feed or pay to boost
their exposure through Facebook's sponsored-post program.
It's unclear if
Collections will feature advertising, and if so,
whether Facebook will share the ad revenue with publishers or offer
publishers an option to monetize the content themselves, as it currently does
with its Instant Articles service.
Another sticking point
could be the extent to which Facebook shares data about readers with
publishers, and how easy it will be for publishers to bring readers to their
websites.
Facebook has
historically had difficulty getting directly involved with news curation.
The company's latest
experiment with curated content from publishers was a breaking news app called
Notify that the company shuttered earlier this year after only seven
months. The social network's Trending news section came under fire earlier
this year after it was reported that Facebook's editors were
purposely suppressing conservative-leaning news items from appearing on the
list.

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