Facebook announced major changes to its platform, which will refocus the News Feed on content from friends and family. Advertisers and investors were worried about how the changes would affect advertisements and revenue. Watch the company’s shares trade in real time here. Facebook said on Thursday it would be adjusting its primary newsfeed to focus more on content from friends instead of publishers, a decision that wiped close to $25 billion off the company’s market capitalization on Friday. Speculation about the financial impacts of the move was immediate and plentiful, but despite the stock move, most Wall Street analysts agreed it will ultimately be good for the company. Facebook gets a vast majority of its revenue from advertising on its platforms. Any change in Facebook’s News Feed could potentially affect its ability to sell advertisements against the feed, which is likely what … [Read more...] about Facebook’s News Feed change wiped out $25 billion — but it could be good for the company in the long run
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‘Media is collateral damage’ — publishers react to Facebook’s sweeping news feed changes
In a dramatic shake-up, Facebook will start playing up status updates from friends and family in people’s news feeds, effectively deprioritizing content from media publishers and brands. Publishers are likely to take a hit and are bracing for the dramatic impact of the move on their businesses. “Media is collateral damage,” said Derek Mead, Vice Media’s global executive editor. Meanwhile, Facebook is attempting to assuage publisher concerns through an email sent to partners by its head of news partnerships Campbell Brown. Publishers and media companies were in for a rude awakening Thursday when Facebook announced sweeping changes to its news feed.In a dramatic shake-up, Facebook will start playing up status updates from friends and family in people’s news feeds, effectively deprioritizing content from media publishers and brands. Publishers in particular – many … [Read more...] about ‘Media is collateral damage’ — publishers react to Facebook’s sweeping news feed changes
Mark Zuckerberg says Facebook is changing its news feed so it’s actually ‘good for people’
Facebook plans to change how its news feed works, playing up status updates from friends and family. On the flip side, it will deemphasize news articles and anything published by brands. Facebook is trying to foster “meaningful interaction” and make Facebook more of a force for good, CEO Mark Zuckerberg said. Facebook is coming off of a tough year, where it had to battle fake news and reports that Russian-linked groups attempted to influence the 2016 presidential election via ads on its service. In the wake of criticism about how its news feed can be manipulated and is having a negative effect on users, Facebook is making some big changes to its flagship feature. The company plans to give more prominence to status updates and photos shared by users’ friends and family while at the same time playing down news articles or anything published by brands, company official said. … [Read more...] about Mark Zuckerberg says Facebook is changing its news feed so it’s actually ‘good for people’
Cryptocurrency markets are tanking after news of shutdown in South Korea
News of a bitcoin crackdown in South Korea sent the market for digital coins into a tailspin Thursday morning. Reuters reported a day earlier that North Korea had a bill in the works to shut crypto trading. Bitcoin, the largest cryptocurrency, was trading down more than 11% at the time of print. The market for digital coins was under intense pressure Thursday morning amid reports that South Korea had a bill in the works to ban cryptocurrency trading. “South Korea’s justice minister said on Thursday the ministry is preparing a bill to ban cryptocurrency trading through its exchanges,” Reuters reported. That news was on the heels of a report that authorities were raiding cryptocurrency exchanges in the country. “A few officials from the National Tax Service raided our office this week,” an representative of Coinone, a South Korean crypto exchange, told Reuters. According to the Reuters … [Read more...] about Cryptocurrency markets are tanking after news of shutdown in South Korea
Former top Fox News reporter left network following history of harassment allegations
James Rosen left Fox News in December. NPR reported that he made unsolicited physical advances on women in the newsroom. A former top Fox News reporter left the bureau at the end of last year after harassment claims. Former chief Washington correspondent James Rosen left Fox News in December with little fanfare, a move some of his colleagues told NPR followed a pattern of harassment of women at the network. NPR reported that Rosen sent inappropriate messages through the network’s internal message service, attempted to grope and kiss multiple employees over his tenure at the network, and when one staffer rebuffed him, he sought to steal her sources and stories. Rumors had swirled about Rosen’s behavior for years. According to emails revealed in 2016 by Gawker, former State Department official Philippe Reines gossiped with reporters about Rosen’s behavior, saying he was removed from the State Department bureau after he … [Read more...] about Former top Fox News reporter left network following history of harassment allegations