Facebook had recently announced news feed update, now the fault of this update has caused the company to suffer.
According to Forbes’ released data, the company has lost about $ 3.3 billion in total private assets. According to reports, after the announcement of the change in the news feed by Mark Zuckerberg, the company faces the loss of 4.4 percent.
Facebook had announced that the company would make some changes in the news feed algorithm. This will show more of the feed of friends and family than the post of business people and media companies.
While advertising on Facebook would not be affected by this changes. This change with news feed basically meant for the public so that they can interact more with friends and family post.
After Facebook’s post on 12th January 2018, Facebook shares fell 4.4 percent. It means the value of Facebook decline to $177.60 from 11th January 2018’s $187.77. Zuckerberg recently said that he has received feedback from Facebook users that Facebook is blocking their personal moments with public content, business related posts, brands, and media.
Mark Zuckerberg said that in the last few years, there has been a flood of video and brand content on Facebook. Since Facebook has now become more brand posts than Friends and Family Posts.
In his post, Zuckerberg said, “We want to make sure that our service is not only for the use of fun but it is also better for the people”.