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 - Friday - Fall - Day - High
Shares opened on Friday around $178, a sharp fall from the previous day’s high of around $188. Shares had perked back up to $181 at the time of writing. While the fall is notably...