Twitter shares increased by 5% after Facebook announced that it will demote business, brand and media posts in news feed shake up. And it's a lot like when Facebook published a set of "core values" that year to emphasise that "friends and family come first".
In a post on Thursday (Friday NZ Time), CEO Mark Zuckerberg said community feedback had shown that public content has been "crowding out the personal moments that lead us to connect more with each other".
That data coincides with Facebook'scrackdown on clickbait, those sensational posts that exclaim, "You won't believe what happens next!" or "See what this Hollywood star looks like now!" The move seeks to encourage more meaningful interactions between users and their friends and online contacts. His resolution for 2018 was to "fix" Facebook, according to the South China Morning Post.
We feel a responsibility to make sure our services aren't just fun to use, but also good for people's well-being.
"I expect the time people spend on Facebook and some measures of engagement will go down", the Zuck-master opined.
Harvey Weinstein gets slapped at resort in Arizona
According to the TMZ report, Weinstein was having dinner at 9pm with his "sober coach" when a patron asked for a photograph. Weinstein's representatives issued a statement to the Arizona Republic saying the TMZ report was not accurate.
While Mr Zuckerberg described the move as being created to bring people closer together and foster more "meaningful social interactions", analysts noted that it comes amid criticism of the world's leading social network on various fronts. Connecting with dear ones can make users feel better and less lonely, adds the CEO, and this, in turn, contributes to long-term happiness.
Facebook has previously been criticised for algorithms that may have prioritized misleading news and misinformation in people's feeds. Brands and news will be shown less.
Based on this, we're making a major change to how we build Facebook.
In recent times, Facebook has become largely centric to posts from businesses, brands and the media.
After went public with the news feed change on Thursday, the website's share value dropped by almost four per cent before USA markets opened on Friday. While publishers' and businesses' organic reach will decline with the algorithm update, that means the content users do see from businesses (organic or paid) could have a much bigger impact.
Strong 7.6 quake hits near Honduras
The reports that the 7.6 magnitude makes this one of the most powerful earthquakes to hit the Caribbean in modern day history. A major quake , one of the most severe in the past 100 years, struck off the coast of Honduras late Tuesday night.
Shares of Menlo Park, California-based Facebook tumbled 4.5 per cent on Friday in NY, cutting Zuckerberg's fortune to US$74 billion on the Bloomberg Billionaires Index. Then it was meaningful content that provided relevant information.
There are many tight-knit communities around TV shows and sports teams.
Facebook wants to keep deciding for you what you see, so maybe it's a good time to decide, for yourself, to get your news in a more reliable way. Some news helps start conversations on important issues. That's because Facebook ads now produce some of the best returns on investment compared to competing social platforms.
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Then there were some ads that tried to trick the user into giving up their phone number by telling them that they had won a prize. To learn how to opt-in and find more details about the program, visit the Google Play Developer Help Center .