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Mark Zuckerberg announced yesterday changes on the Facebook Newsfeed algorithm in a message titled “News Feed FYI: Bringing People Closer Together.” The same action was announced already in 2016, by Lars Backstrom, VP Engineering at Facebook.
Zuckerberg, CEO of Facebook, says that Facebook is now “making a major change” to how Facebook was built. Mark Zuckerberg changed the goal of the product teams from “helping users to find relevant content” to “helping users to have more meaningful social interactions.”
Like in 2016, the CEO of Facebook says “the first changes users will see will be in News Feed, where users can expect to see more from friends, family, and groups,” and “less public content like posts from businesses, brands, and media.”
Zuckerberg expects “time users spend on Facebook will go down”
Mark Zuckerberg also says that “the time people spend on Facebook and some measures of engagement will go down.”
One question is open: were people spending less time on Facebook already? Before the newsfeed algorithm change?
In January 4, Zuckerberg said he had a mission for 2018: fix Facebook.
The stock is dropping almost 5% today: