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Facebook shares slip after News Feed overhaul

Reuters 

(Reuters) - Shares of Facebook Inc fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform's centrepiece News Feed that he said would hit user engagement in the near term.Zuckerberg said on Thursday the company would change the filter for the News Feed to prioritize what friends and family share, while reducing the amount of non-advertising content from publishers and brands.If the premarket declines in shares hold, Facebook stands to lose nearly $23 billion from its market capitalization on Friday as a result of the move.Pivotal Research Group said ...

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First Published: Fri, January 12 2018. 19:06 IST
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