Tuesday, 21 August, 2018

How Facebook's Mark Zuckerberg Lost $4 Billion with One Post

Zuckerberg 33 who started Facebook in 2004 aged 19 still owns a 17 per stake in the company which went public in 2012 BBC Minute: On Facebook's News Feed
Derrick Tucker | 14 January, 2018, 00:30

Tweaking users' feeds may cause the social media platform to lose some of its luster for content producers or media companies, especially video makers that can not make money on Facebook regardless of how many of their videos go viral, said Cho Sodam, founder of Dotface, a youth-oriented media startup based in Seoul, South Korea. "But I also expect the time you do spend on Facebook will be more valuable", said Zuckerberg.

Those personal updates will therefore become more prevalent in user newsfeeds, he said, adding that posts from other sources will still get promoted if they help encourage social interactions.

Zuckerberg said in a post on Facebook that the changes would be "major" and lead to a short-term drop in the time spent on the network, but that it would be better for users and for the business over the long term.

Mark Zuckerberg-Facebook Chief and Co-founder mentioned that bringing people together and making stronger ties within the communities in the real world are the priorities.

It's easy to understand how we got here. Zuckerberg's vision for Facebook has always been a platform for giving people a voice and a place to make meaningful connections, though he spent much of a year ago on the defensive.

Facebook Social media has made it really easy to find local, national, and worldwide news.

Mic, Mashable, Bored Panda, and so many other publishers have built most of their business around the content favored by Facebook's ever-changing algorithm.

This news feed ranking update is more about intensifying the content and things people hold dearie.

Regulators to hold pensions summit as Carillion crisis deepens
We urgently need to know just how exposed the Scottish Government and the public purse is if Carillion were to collapse. Unions have also urged the Government to step in to protect 19,500 jobs that are now at risk.

UEFA Fans' Team Of The Year 2017 Announced
Two Premier League players have been named in the 2017 UEFA Team of the Year - but both Harry Kane and David de Gea missed out. As in previous years, Cristiano Ronaldo and Lionel Messi grabbed the two forward spots to round out the fantasy team.

Ripple (XRP) and MoneyGram (NASDAQ: $MGI) Partner to Modernize Payments
Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour. The value of XRP surged nearly 15% to $2.22 on the announcement, according to Coinmarketcap data.

Facebook rolls out major changes in news feeds to promote more meaningful discussions.

Facebook says that if people want to see more posts from pages they follow, such as Legacy Medi4, they should always select "See First" for that particular page within their news feed preference settings - which you can find located in the upper right hand corner of your Facebook feed once logged in, just above account settings. Though these efforts have thus far been far from effective, the new changes threaten to undercut the measures even more.

One of Facebook (NASDAQ: FB) CEO Mark Zuckerberg's goals for 2018 is "to make sure time spent on Facebook is time well spent".

In a note earlier this week, Wieser reported Nielsen data showing that in September - the most recent month for which this data is available - core Facebook consumption failed to grow year-over-year for a second consecutive month. 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.

Conversation is at the centre of Facebook's new approach, according to the organization's explanation for the change. But too often today, watching video, reading news or getting a page update is just a passive experience.

But Gavin Adamson, who teaches digital media courses at Ryerson University's School of Journalism, said outlets will also have to rely on changes in reader behaviour if they hope to make up potential losses caused by Facebook's new focus.

Now, I want to be clear: by making these changes, I expect the time people spend on Facebook and some measures of engagement will go down.

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