Money Facebook shares slip after News Feed overhaul

17:10  12 january  2018
17:10  12 january  2018 Source:   Reuters

Facebook begins testing local news app

  Facebook begins testing local news app The project is part of Facebook’s Journalism Project initiative, which it launched last year following the 2016 presidential election. Facebook was facing scrutiny at the time for its role in hoax news stories being disseminated across its platform ahead of the 2016 election.Publishers had also begun to sour on Facebook as a result of its growing power over whether or not their articles get seen and the impact this has on their ad revenue. Recode notes that Facebook intends to expand "Today In" to other cities as it tests the feature out.

Zuckerberg said on Thursday the company would change the filter for the News Feed to prioritize what friends and family share , while reducing the amount of non-advertising content from publishers and brands. If the premarket declines in shares hold, Facebook stands to lose nearly billion from its

(Reuters) - Shares of Facebook Inc (FB.O) fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform’s centrepiece News Feed that he said would hit user engagement in the near term.

a close up of a logo: FILE PHOTO: A giant logo is seen at Facebook's headquarters in London© REUTERS/Toby Melville FILE PHOTO: A giant logo is seen at Facebook's headquarters in London Shares of Facebook Inc (FB.O) fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform's centerpiece News Feed that he said would hit user engagement in the near term.

Zuckerberg said on Thursday the company would change the filter for the News Feed to prioritize what friends and family share, while reducing the amount of non-advertising content from publishers and brands.

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Facebook Inc

FB

Facebook move will play out in long-term: analysts

  Facebook move will play out in long-term: analysts Facebook's move to highlight posts from friends and family over those from brands and publications follows months of turmoil for the social network and may result in lower advertising revenue in the short term.Facebook founder and CEO Mark Zuckerberg announced the shift in the configuration of the News Feed on Thursday, saying it would reduce engagement by users at first but would lead to their improved "well-being.

(Reuters) - Shares of Facebook Inc fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform's centerpiece News Feed that he said would hit user engagement in the near term.

"In particular, a viable subscription model on platforms that enables publishers to build a direct relationship with readers and to manage the terms of access to their content." Facebook shares slip after News Feed overhaul .

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If the premarket declines in shares hold, Facebook stands to lose nearly $23 billion from its market capitalization on Friday as a result of the move.

Pivotal Research Group said its analysis of Nielsen's digital consumption rates showed that usage was already falling prior to Zuckerberg's announcement, although from very high levels.

"We can speculate that the concerns reflected in Zuckerberg's post may very well have been driving these declines," Pivotal's Brian Wieser wrote in a note.

The company has been criticized for algorithms that may have prioritized misleading news and misinformation in people's feeds, influencing the 2016 American presidential election as well as political discourse in many countries.

Britney Spears Shares Sexy Fashion Show on Instagram

  Britney Spears Shares Sexy Fashion Show on Instagram Britney Spears Shares Sexy Fashion Show on Instagram

Changes may have an impact on major suppliers of news and other content and is expected to hit user engagement.

A news release says the victim, 36-year-old Joshua Ricketson, told them he drove to Winton Avenue after being shot multiple times in the back. If you have a shared mission, or have any questions, just send us an email to [email protected] or contact us on Twitter: @liveuamap.

While, Facebook's advertising would be unaffected by the changes, the shift was likely to mean that the time people spend on Facebook and some measures of engagement would go down in the short term, Facebook said.

It may also have an impact on major suppliers of news and other content.

John Ridding, the chief executive of the Financial Times, warned on Friday that the domination of online advertising revenue by search and social media platforms was putting pressure on media firms.

"The FT welcomes moves to recognize and support trusted and reliable news and analysis. But a sustainable solution to the challenges of the new information ecosystem requires further measures," he said.

"In particular, a viable subscription model on platforms that enables publishers to build a direct relationship with readers and to manage the terms of access to their content."

(Reporting by Aishwarya Venugopal in Bengaluru; editing by Patrick Graham)

Mark Zuckerberg Says Facebook to Look Into Cryptocurrency .
Facebook Inc. Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year. Zuckerberg referenced cryptocurrencies in a posting Thursday in which he laid out how he will spend 2018 trying to correct persistent problems -— including the proliferation of hate speech and misinformation -— that have dogged his wildly popular social network for the past two years.“There are important counter-trends to this -- encryption and cryptocurrency -- that take power from centralized systems and put it back into people’s hands,” Zuckerberg wrote.

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