Mark Zuckerberg loses $3.3 billion after Facebook changes News Feed.
Mark Zuckerberg Loses $3.3 Billion After Facebook Changes News Feed
Although it is the most popular social network in the world, it does not mean that the social network giant Facebook always has good days.
It was on Friday when the founder of the social network giant Facebook, Mark Zuckerberg’s shares fell 4.5%, this sum simply causing him to lose about $3.3 billion of its fortune.
The new changes which were planned by the founder of the social network giant Facebook, of course, the well-known Mark Zuckerberg for Facebook.
Basically, the social network giant Facebook will display, in the News Feed, mainly the publications of friends and family, hence, passing to the background the content of pages, condemning brands, companies, products, and this will result in less views and less reach.
This will be a change that appeals to many, but certainly displeased many others, and this displeasure became evident shortly after the announcement of the changes, since the social network giant Facebook shares fell by 4.5%, which represented a loss of $3.3 billion for the founder of the social network giant Facebook, of course, Mark Zuckerberg and due to the social network giant Facebook he was the fourth richest man in the world.
This loss has made the founder of the social network giant Facebook, of course, Mark Zuckerberg, for the moment, a fortune of $74 billion, according to the Bloomberg Billionaires Index, losing the 4th richest man to Amancio Ortega, a business tycoon.
Especially for those who use the social network giant Facebook’s platform to see news, follow favorite brands, find out about information about companies, and other subjects less dedicated to people profiles of friends and family, these changes will not be advantageous, as for companies and brands that bet strong in placing content on their Facebook pages, since they will see a break in their statistics.
So, what do you think about this ridiculous news feed change and the unexpected fall of shares of the social network giant Facebook, due to which Facebook lose about $3.3 billion of its fortune? Simply share all your views and thoughts in the comment section below.