Mark Zuckerberg Loses $3.3 Billion After Changing Facebook News Feed
According to the latest reports, the founder of the social network giant Facebook, Mark Zuckerberg loses $3.3 billion after Facebook changes News Feed.
It was on Friday when Mark Zuckerberg’s shares fell 4.5%, this sum simply causing him to lose about $3.3 billion of its fortune.
Recently, we announced the new changes which were planned by the Mark Zuckerberg for Facebook.
Basically, 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 Facebook shares fell by 4.5%, which represented a loss of $3.3 billion for Mark Zuckerberg as he was the fourth richest man in the world.
This loss has made 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 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.
-Wakanews
