It is reported that after implementing the much heralded “new algorithm” which reduces corporate and professional content in favour of “meaningful interactions” with family and friends, Mark Zuckerberg’s personal fortune fell by 3.7bn USD in two hours as Facebook’s market price lost 4.4%. Zuckerberg, Facebook’s CEO, still owns 17% of the company he founded, so he won’t be short of a few dollars. It remains to be seen whether this move will result in less “Facebook fatigue” which causes people to take breaks from the platform, to post less often and include fewer personal details.
Why Facebook’s news feed is changing – and how it will affect you [Guardian]
