Author Archives: SimonOwens

What Facebook’s algorithm teaches us about free markets

Conservatives often talk about the value of free markets, but nobody really knows what a completely free market looks like or operates because every government places regulations on businesses.

But, as I argue in this video, Facebook’s algorithm gives us a fairly accurate look at what a free market would actually look like. And it’s not pretty.

Facebook pays for content. Therefore, it’s a media company

Recently, Facebook COO Sheryl Sandberg was asked in an interview whether Facebook is a media company. “At our heart we’re a tech company,” Sandberg said. “We hire engineers. We don’t hire reporters. No one is a journalist. We don’t cover the news. “

Well, that’s not exactly true. In this video, I explain why.