Published: January 14, 2018 4:37 pm
Facebook was on course to lose 17 billion pounds ($23 billion) of its value after it announced it was making changes to its News Feed feature that will allow users to see more updates from family and friends than posts from businesses, brands and media.
Facebook share fell 4 per cent within hours after Facebook CEO Mark Zuckerberg announced the changes to make the social network more meaningful, The Sun reported. This could also result in lining them up for its worst financial position in more than three months — and Zuckerberg losing $3.3 billion of his own personal net worth.
“One of our big focus areas for 2018 is making sure the time we all spend on Facebook is…