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Scoop: Facebook aiming to launch News for Watch this summer

Jason Alden/Bloomberg via Getty Images

Facebook is getting ready to launch a news section for its Watch platform and it's testing different video partnerships with roughly 10 publishers, Axios has learned. 

Why it matters: This would be the first standalone news product for national news in Watch. The tech company previously launched several products, like Instant Articles and Facebook Live, with an array of publishers which included but was not limited to news companies.

Facebook is in touch with both legacy and digital-first news publishers to test a daily video feature that would run for at least a year, according to multiple sources familiar with the effort.

  • The content needs to be a minimum of three minutes.
  • Facebook plans on launching the feature this summer and testing what works best. 
  • Sources say Facebook is working strategically with publishers to understand budget needs and monetization opportunities on the platform. 

The big picture: Facebook is trying to create more meaningful engagement on its platform. While executives have said they don’t know exactly how they will measure meaningful engagement through comments and shares, creating a news product that’s native to the platform and includes content from vetted publishers will hopefully drive less passive engagement and curb the spread of misinformation on its platform. 

“Timely news video is the latest step in our strategy to make targeted investments in new types of programming on Facebook Watch... As part of our broader effort to support quality news on Facebook, we plan to meet with a wide-range of potential partners to develop, learn and innovate on news programming tailored to succeed in a social environment. Our early conversations have been encouraging, and we're excited about the possibilities ahead.”
— Campbell Brown, Head of News Partnerships for Facebook, in a statement to Axios responding to a request for comment

The backstory: 2017 was a year of reckoning for Facebook, from both a fake news and publisher relations perspective. The company has since taken steps to combat the spread of misinformation on its platform and to improve its relationship with publishers, including being more transparent and collaborative around product testing. 

Our thought bubble: Creating a standalone destination for news is an opportunity to guide readers to credible sources its platform, especially during breaking news, when misinformation tends to spread faster. It also gives the company a chance to work more strategically with publishers on achieving their branding and monetization goals. 

Dan Primack 51 mins ago
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Why the stock markets are tanking

Stock market trader adjusts his glasses.
Photo by Xinhua/Wang Ying via Getty Images

Stock markets are down sharply on Thursday, with the Dow Jones Industrial Average off around 1.25% as of 2 p.m. EST.

Three key drivers: Tariffs, inter-bank lending rates and Facebook's troubles.

Caitlin Owens 2 hours ago
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How Congress missed yet another chance for an immigration deal

Congressional leaders with President Trump
Congressional leaders with President Trump. Photo: Olivier Douliery - Pool / Getty Images

Congressional leaders and the White House failed to come to an agreement on temporary protections for Dreamers over the past week as part of the giant spending bill, leaving the issue unresolved.

Why it matters: After all of the fighting over President Trump's decision to end DACA — including a government shutdown over it — the White House and Congress ended up with nothing. The issue is currently tied up in the courts. And though both sides agree it's better to give Dreamers more certainty over their future, they just can't agree how to do it.