Facebook stock slumps as the site unveils sweeping changes [MSN Money]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: MSN Money
Facebook said it’s making major changes to its flagship social network, shifting users’ news feeds back toward posts from friends and family and away from businesses and media outlets -- a transition that is likely to mean people spend less time on the site. Quotes in the article In a post Thursday, CEO Mark Zuckerberg said community feedback has shown that public content has been “crowding out the personal moments that lead us to connect more with each other.” The goal of the product teams will be to help Facebook’s more than 2 billion monthly users find content that will lead to more meaningful social interactions, he said. Bloomberg’s Reed Stevenson reports on what’s behind major changes at Facebook. By making these changes, I expect the time people spend on Facebook and some measures of engagement will go down, Zuckerberg wrote. But I also expect the time you do spend on Facebook will be more valuable. And if we do the right thing, I believe t
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