Facebook stock plunges on news feed overhaul

Facebook stock plunges on news feed overhaul

Shares in Facebook dropped by more than 4 percent ahead of Friday’s opening bell after the CEO announced changes to the platform’s centerpiece news feed, which he said would hit user engagement in the near term. The company is planning to change the filter for its news feed to prioritize what friends and family share, while reducing the amount of non-advertising content from publishers and brands.

0
Like
Save