The co-founder of what is now the world’s largest social media business was greeted with a huge drop in his fortune by $2.9 billion immediately after issuing the statement. This has not cut down his fortune to $74 .4 billion on the Bloomberg Billionaires Index. Now you may feel big deal!! He lost 2 billion but is still a multi-billionaire, but that’s not the point. The point is that Zuckerberg is finally taken a stand even at the act of losing money and that is to make Facebook more meaningful and connective for you with family and friends rather than a brand greeting you in the morning.
Even shares of The California based social media giant tumbled to the tune of 3.9% by noon in New York and if it continues, he may well lose his position as the fourth richest person who will now be Amancio Ortega, the Spanish retail Billionaire. Zuckerberg 33 added $4.5 billion to his fortune this year.
Image Source: en.mercopress.com
While the news is good about the initiative of the change in Facebook Newsfeed and Zuckerberg's intentions are good when he posted on his wall saying “We started making changes in this direction last year, but it will take months for this new focus to make its way through all our products. The first changes you'll see will be in News Feed, where you can expect to see more from your friends, family and groups.”
However, the move invited mixed emotions where some felt that Facebook shouldn’t cut down content that many find informative and beneficial for improving their daily lives in a positive way and which they look forward to every day more than meaningless posts by various friends. Facebook is, after all, a combined experience and love it or hate it; can we really do without it?
Image Source: www.facebook.com