Breaking News

Zuckerberg lost $3.3 billion after announcing major changes to Facebook news feed

Facebook chief executive officer Mark Zuckerberg announced major changes to his social media empire this week that caused stocks — and his fortune — to tumble, Bloomberg news reported.
Zuckerberg lost $3.3 billion Friday after he said content from family and friends, and not media outlets and businesses, will dominate Facebook’s news feed. Facebook’s shares fell as much as 5.5 percent, to $177.40,” Bloomberg reported.
But Zuckerberg won’t be going broke anytime soon. Although he lost his spot as the world’s fourth-richest person to Spanish retail billionaire Amancio Ortega, Zuckerberg’s fortune is still standing strong at $74 billion.
Zuckerberg and other Facebook executives said in published reports that the changes will be better for users and the company in the long run.
In a post on his Facebook account, Zuckerberg announced Thursday why he’s making the change. The post read, in part:
“But recently we’ve gotten feedback from our community that public content — posts from businesses, brands and media —

Continue Reading....

Check Also

DOJ has very bad news for Democrat Senator over corruption charges – here’s what they said

Facebook Twitter Google+ Pinterest LinkedIn Digg Del StumbleUpon E-mail Reddit Buffer Love ThisDemocratic Senator Bob …

Leave a Reply

Send this to a friend