Facebook To Highlight Local News More In News Feed

Facebook is to make local news more prevalent on users’ feeds

He added that, in 2018, the focus won't just be to ensure Facebook is fun to use, but also "good for people's well-being and for society".

Changes to Facebook's news feed algorithm in Q4, including a decision to surface fewer viral videos, reduced time on the platform by around 50 million hours a day - yet user engagement was still on the rise. "By focusing on meaningful connections, our community and business will be stronger over the long term". That's despite the fact that Facebook once again had a blockbuster year in 2017: The company revealed Wednesday that it generated $40.65 billion in revenue in 2017, compared to $26.89 billion in 2016. The company recorded $12.97 billion in revenue and $2.21 earnings per share over 2017. He cited the need to "protect our community from abuse and hate, defending against interference by nation states" and "making sure that time spent on Facebook is time well spent".

On January 11, Facebook announced that its switch to meaningful social interactions with friends and families will take a hit on the amount of news in News Feed.

Russia's operation - in the USA and ahead of other elections around the world - was made easier by incentives on Facebook that reward attention-grabbing content. Zuckerberg is looking to tweak the news feed to emphasize news and advertising from trustworthy sources, local providers and authentic accounts.

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Social media giant Facebook is all set to alter its "News Feed" and will going forward prioritise the placement of local news on it.

The tech firm, which has been under pressure to do more to combat misinformation and offensive posts, has been grappling with criticism that social media is tearing people apart rather than bringing them closer together. The company now has 2.13 billion monthly active users and 1.4 billion daily users, and advertisers are eager to reach that massive audience.

Then there's are the billion-plus Messenger MAUs who have yet to be monetized, and a billion more WhatsApp users who are in the early stages of generating revenue. What actually matters in determining if Facebook is a buy now is whether it can continue its torrid MAU, revenue, and EPS growth.

But the comment underscores the hard situation Facebook finds itself in, as its social network has come under fire for spreading misinformation and propaganda, as well as for incentivizing consumers to spend too much time on its site.

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In time, Facebook said they will improve in properly classifying local news publishers.

Facebook also reported its first-ever decline in daily users in the US and Canada.

Facebook fell as much as 5.2 percent to $177.10 in late trading, after closing in NY at $186.89.

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