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Facebook To Highlight Local News More In News Feed

Facebook To Highlight Local News More In News Feed”

"In 2018, we're focused on making sure Facebook isn't just fun to use, but also good for people's well-being and for society", he said in a statement.

After a few months of tweaking the News Feed in order to make it more personal and harder for fake stories to spread, Facebook says that overall usage has dropped by "roughly 50 million hours every day". However, its USA daily active users declined from 185 million to 184 million on a quarter-to-quarter basis - the first time the company has seen such a decline.

Facebook identifies local publishers "as those that are clicked on by readers in a tight geographic area".

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Facebook shares fell by more than 4% in after-hours trade, despite strong growth. The S&P 500 Index .SPX rose 24 percent during the same period. CEO Mark Zuckerberg said in a post that they're going to be putting more local news on Facebook to highlight more stories from your town or city. Facebook's Watch, its original video platform launched last summer, has flown under the radar.

Despite tinkering with its advertising cash cow, Facebook still has several avenues to rake in ad dollars, between Messenger, WhatsApp, and Instagram.

The News Feed changes came too recently to affect results for the quarter ended December 31.

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"Users could see brands and advertisements even more closely aligned with their needs and desires at a given time. potentially making for greater ad performance and thus justification for higher prices for Facebook ads", Deutsche Bank said.

Facebook Founder Mark Zuckerberg made the announcement via blog post, where he notes that his company will start putting more emphasis on the quality of information that users get. The spending spree includes new warehouses full of servers and thousands of new workers to review content posted by users.

Despite the hit, the firm's quarterly profits increased 20% year-on-year to almost $4.3bn. Without the adjustment, Facebook would have earned $2.21, topping consensus of $1.94. That change added $2.27 billion to Facebook's quarterly tax bill.

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Kremlin press secretary Dmitry Peskov dismissed the Dutch reports on Friday, denouncing them as unreliable. Cozy Bear has been widely blamed for meddling in the 2016 USA elections won by now President Donald Trump.

The company on Wednesday reported that it grew its revenue by 47 percent to almost $13 billion during the fourth quarter. 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.



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