Media Layoffs Spread While Facebook Hits $55 Billion in Revenue

Fifteen years after Facebook was founded, we're still learning what the rise of this one company will do to us.by Katie HerzogFacebook founder Mark ZuckerbergAlex Wong/Getty
Over the past two weeks, an estimated 2,100 journalists and other staffers have lost their jobs across the media industry, after BuzzFeed, HuffPo, Yahoo, Gannett, AOL, Vice, and others announced lay-off. As I detailed in a long piece last week, a lot of people (ahem Dave Rubin, Donald Trump) have blamed this on "bad journali