1 day ago … (Reuters) – Shares of Facebook Inc (FB.O) fell more than 4 percent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would hit user engagement in the near term.
The Facebook founder lost most of the $ 4.5 billion earned this year.
The richest 500 people in the world earned $ 1,000 billion last year and another $ 192 billion in the first two weeks of 2018, according to the Bloomberg index.
Facebook tried to calm the creators of articles and video content worried about Zuckerberg’s announcement that the social network he is leading will put more emphasis on what he calls significant social interaction instead of passive consumption of news.
Articles and clips that attract comments and likes or are distributed by users will be more likely to be visible, said Facebook in an email from Bloomberg.
The company will continue to prioritize the content that users are looking for regularly, such as weekly videos.
2 days ago …Facebook Inc. said it’s making major changes to its flagship social network, shifting users’ news feeds back toward posts from friends and family and away from businesses and media outlets — a transition that is likely to mean people spend less time on the site. The shares tumbled the most in more than a …