Connect with us

Brands and Marketing

Mark Zuckerberg Loses $3.3 Billion after changing Facebook News Feed

Published

on

Mark Zuckerberg Loses $3.3 Billion after changing Facebook News Feed

According to the latest reports, the founder of the social network giant Facebook, of course, the Mark Zuckerberg loses $3.3 billion after Facebook changes News Feed.

It was on Friday when the founder of the social network giant Facebook, Mark Zuckerberg’s shares fell 4.5%, this sum simply causing him to lose about $3.3 billion of its fortune.

Basically, the social network giant 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, thereafter resulting 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 the social network giant Facebook shares fell by 4.5%, which represented a loss of $3.3 billion for the founder of the social network giant Facebook, of course, Mark Zuckerberg and due to the social network giant Facebook he was the fourth richest man in the world.

This loss has made the founder of the social network giant Facebook, 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 the social network giant 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.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel