In a move clearly designed to counter Twitter as the ‘micro-breaking-user-driven-social-news-forum’ Facebook is wooing (major) media firms with their latest offering. A big issue with this entire shift in reporting is how much misinformation is posted that’s generated from Social Networking to begin with. So, while competition is (in theory) a good thing… in reality, consolidation within Social Networking is actually becoming increasingly anti-competitive (with the resulting fall-out).
(Source) Business Week: http://goo.gl/IBKa4F