Facebook could lose £17 billion of its value after announcing shock changes to the site. Shares in the company dropped by more than 4% on Friday, lining them up for its worst financial position in more than three months. Zuckerberg declared drastic changes to user’s newsfeeds on Thursday, saying Facebook will start to prioritize posts from friends and family appearing on user’s Newsfeeds, rather than posts from businesses, brands and the media. Zuckerberg said, “I’m changing the goal I give our product teams from focusing on helping you find relevant content to helping you have more meaningful social interactions.”
I think this is a wonderful change to Facebook. There are so many companies and sites advertising on Facebook these days that is it difficult to sift through it all to find the meaningful posts from friends and family. So I say “Way to GO’ Facebook.