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Facebook stock dips after the platform deprioritizes publishers

Facebook stock dips after the platform deprioritizes publishers
From TechCrunch - January 12, 2018

Facebook shares fell around 5 percent on Friday following the news that the company would retool its News Feed to boost social interactions over stories from publishers. Mark Zuckerberg announced the news on Thursday evening in a post on his own Facebook page to expected investor skittishness.

I want to be clear: by making these changes, I expect the time people spend on Facebook and some measures of engagement will go down, Zuckerberg admitted. But I also expect the time you do spend on Facebook will be more valuable. And if we do the right thing, I believe that will be good for our community and our business over the long term too.

Shares opened on Friday around $178, a sharp fall from the previous days high of around $188. Shares had perked back up to $181 at the time of writing. While the fall is notably tied to Thursdays big news of a shift in mission, shares didnt reach monthly low levels around $171, where Facebook traded in early December.

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