Here's What Wall Street Says About Facebook Prioritizing People
Bloomberg’s Reed Stevenson reports on what’s behind major changes at Facebook.
(Source: Bloomberg)
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Mark Zuckerberg might value his friends more than his shareholders.
In a Facebook post Thursday, the social media giant’s chief executive officer outlined a series of shifts designed to orient users’ news feeds toward content from family and friends at the expense of material from media outlets and businesses. Shares of Facebook fell as much as 5.5 percent to $177.40 Friday.