Subject: Facebook's new mission may be impossible
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 16 Jan 2018 05:01:47 -0500 (EST)

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}A daily digest of opinions and analysisSocial Media, Minus the MediaMark Zuckerberg's company is imitating Snap in prioritizing users' interactions with "friends and family" over "businesses [and] brands." But can the media genie Facebook created be bottled up again? Leonid Bershidsky has his doubts.  A Bad Start on Reforming Freddie and FannieJudging by its actions so far, the Trump administration is unable or unwilling to fix housing finance. Economist Richard Koss takes stock of one of the biggest pieces of unfinished business from the 2008 financial crisis: reforming mortgage giants Fannie Mae and Freddie Mac.Pressure's Rising on OPEC to Develop a Long-Term Output PlanAs the cartel and Russia try to plot a way out of their production cuts, expect them to get stymied. Robin Mills explains why the fundamental supply-demand balance isn't in OPEC's favor.No One Wants Your Used Clothes AnymoreA once-virtuous cycle is breaking down — which could add up to an environmental disaster in the making. Adam Minter reports how fast fashion is roiling the $4 billion used-clothing trade.Ritholtz's Reads"Fire And Fury" is the first book of the post-truth era (Buzzfeed)Terry Gross on the art of the Q&A and the guest that most surprised her (Vulture)Inside the Amish town that builds U2, Lady Gaga and Taylor Swift's live shows (Wired)(Read Barry Ritholtz's full daily news roundup here.)Bloomberg GadflyWhy we're losing the war on plasticsBehind the dollar's drubbing is a catalog of excusesCarillion's demise is a lesson for  the U.K. and Brexit(Read more from BV's sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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