There's proof of the media conglomerates not liking Facebook and doing everything in their power to stop them and similar companies, one just needs to look at the whole situation surrounding the EU copyright directive, Art. 11 and 13. The main reason it almost passed and threatened to screw with the state of the internet as we know it is because major German media conglomerates lobbied for it heavily to use it as a weapon against companies like Facebook and Google. The whole directive being inspired by a similar legal solution that's been tried in the past by Spain, under similar consequences by similar actors towards the same targets -- it failed spectacularly. Regardless, media conglomerates were willing to use money to force a legal win against online entities they fear are in control of some of their revenue and future.

I have to admit some confusion here.

Is it that the media companies are going broke because of FB and so they hate them, or is it media companies have vast amounts of capital at their disposal to try and bring them to ruin.

My understanding of media’s situation is quite different, and the downswing started occurring a longer time before FB came around.

First hand I can tell you that they don’t expect to take FB down and return to former glory.

Some are even looking at buyouts to return to more of a startup/reboot phase. Not a conspiracy to stick it to anyone else.

you're being downvoted but i think it's crazy that people ignore the obvious economic incentives that a publicly traded company like the new york times has to wage war against a company that has siphoned their main source of revenue

So, the linked article is simply flaming the media, as far as I can see.

The media has always put dominant companies under substantial scrutiny, IBM, Microsoft, Google, Apple, Equifax have all had their fair share of tough stories over the years.

I see nothing particularly unfair in the way that Facebook's travails have been reported. Rather than talking in generalities, perhaps you could give some specific examples of stories that have treated Facebook unfairly.

That’s an interesting perspective.

It occurs to me that the mainstream American media suddenly turned very negative towards Facebook ever since they've got the idea that Facebook was probably one important reason that Trump got elected. While I agree Facebook has some real problems and they need to do better, but the recent reports appears almost nitpicking to me