Facebook Says It Will Prioritize Local News Posts

Facebook announced Monday that it’s going to put more local news in users’ news feeds as part of an ongoing campaign to make users “happier.”

Facebook announced Monday that it’s going to put more local news in users’ news feeds as part of an ongoing campaign to make users “happier.”

Facebook has become more self-critical since revealing a campaign by Russian Federation to spread political discord around the 2016 presidential election that reached an estimated 150 million USA users on Facebook and Instagram. "At the end of the day, Facebook is still very powerful and attractive to advertisers", said Debra Aho Williamson, an analyst for eMarketer, in a statement before Wednesday's earnings.

While posts from family and friends will still be ranked higher on the social network, news will make up about 4 percent of News Feed, Zuckerberg said this month. The new system will favor posts from family and friends over posts by businesses.

It is estimated that changes will also affect Facebook's Instagram.

Mr Zuckerberg said the company was making changes that reduce how much time people spend on the social media site, but ensure it is "more meaningful".

We identify local publishers as those whose links are clicked on by readers in a tight geographic area.

Facebook CEO Mark Zuckerberg told The Selma Times-Journal on Monday that the decision stems from a cross-country tour he took with his wife in which he spoke with people in communities of different sizes.

Facebook does not give revenue guidance, though it does project expenses and said in November that expenses would likely grow 45 percent to 60 percent during 2018.

In such a scenario, it's important for all Facebook users to carefully pick and choose to see content from credible news sources and friends who do not post stupid "1 Share = 1 Respect" posts.

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Mobile ad revenue accounted for 89 percent of the total ad sales, up from 84 percent a year earlier.

"None of that will hurt Facebook's revenues", said Frier. "I talk about Facebook more than my friends do".

Facebook Inc. has more changes in store for news feed as part of its ongoing efforts to make Facebook less awful for mental health.

Facebook's revenue growth was also strong - up 47 percent over previous year. The tech firm, though, saw its daily active users in the United States and Canada dropped from 185 million to 184 million between the third and fourth quarter. Beyond that, with Facebook's forays into virtual reality (VR) and artificial intelligence (AI), among other things, there are no shortage of potential growth drivers.

Facebook sent a tremor through USA politics a year ago when it said that Russian agents used Facebook to try to sway American voters from 2015 to 2017, an allegation that Moscow denies.

As you may have guessed, I am and have been for years unabashedly bullish on Facebook.

Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. Facebook is on the list - but there are nine others you may be overlooking.

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