1. What is the difference between the two pictures?
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1. What is the difference between the two pictures?
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social media requires the network effect, while new media does not, in order to create value. Social media from 2003-2013 was a subset of new media, a digital-first way to reach people.
In the 1st pic, updates are being spread using live people on the news. In the 2nd pic, updates are being spread using social media.
Hope this helps! Please correct me if I am wrong.