Mark Zuckerberg Planned to Overhaul Facebook, Loosing USD 3.3 Billion
News24xx.com - Mark Zuckerberg's plan to overhaul Facebook seems less welcome by investors. The share price of the world's largest social networking down about 4% which directly affects the wealth of Zuck.
Quoted from the Independent, Facebook's stock price touched USD 179.37 on Friday US time, down from the previous day USD 187.77. As a result, Forbes calculates Zuck who has 16% of Facebook shares lost fortune to USD 3.3 billion or about Rp 43 trillion.
However, Zuck's estate is still above USD 70 billion so it does not have much effect. Although still declining stock prices means investors consider negative news overhaul Facebook News Feed.
Facebook decided to change News Feed algorithm to show less content from advertisers and brands, thereby featuring more posts that users love. Zuck said the change would probably make the time spent on Facebook users diminish.
"With this change, I expect time spent on Facebook and some engagement will go down, but I also hope the time you spend on Facebook is more valuable, and if we do the right thing, I'm sure it will be good for our community and business we're in the long run, "Zuck said.
It was in order to improve the image of Facebook that blamed the hoax spreader and have a negative impact. Facebook recognizes the new system will impact non-advertisement content of the brand, such as videos and viral posts. However, it will not change the ranking of ads according to the fees paid.
It will make advertisers who want to publish on Facebook may have no choice but to spend more money on advertising. So according to predictions Eric Schiffer, chairman of Reputation Management Consultants, will make the cost of advertising on Facebook up.***
news24xx.com/bara/red
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