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As Facebook Shoots Themselves in the Foot, New Social Media Platform Pays You to Post


By -- DCclothesline—— Bio and Archives--January 16, 2018

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Last week, Facebook announced that they will be keeping all their users in happy little bubbles that won’t show them anything controversial, thus ensuring an entire social media platform devoted to pictures of what people are eating for dinner. Illustrating just how unwelcome this change was, after Facebook announced it’s changing the algorithm to focus on friends and family while excluding news and information, the company saw a near-instant drop of 4.4 percent—costing Mark Zuckerberg nearly $3.3 billion.

In a Facebook post last Thursday night, Zuckerberg said that public content from brands had inundated news feeds, overtaking posts from personal connections. By the end of Friday, Facebook shares were trading at $179.37, down more than 4.4 percent from Thursday’s price of $187.77, according to a report in Newsweek.—More….


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