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Facebook stock dips after the platform deprioritizes publishers

“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” writes Hours Ago Darrell for techcrunch.com. Still, investors are likely to keep watch of the stock as the platform actually implements the major philosophical changes it says are underway.Facebook has pursued growth relentlessly ever since it debuted as a public company in 2012, and its formula works.The company recalibrates its legendary algorithms behind the scenes in order to boost engagement, its key metric, at all costs — at times at the expense of its users.While the fall is notably tied to Thursday’s big news of a shift in mission, shares didn’t reach monthly low levels around $171, where Facebook traded in early December.
 
Source: techcrunch.com



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