Did Mark Zuckerberg Buy a $150 Million Yacht?

Did Mark Zuckerberg Buy a $150 Million Yacht?

Did Mark Zuckerberg Buy a $150 Million Yacht?

Facebook is shaking up your news feed yet again.

Last week, Facebook said it was tweaking its News Feed algorithm so that public content from brands would receive less priority than posts by users' friends and family.

Two years ago, Facebook users saw hoaxes saying Pope Francis endorsed Republican Donald Trump for USA president and that a federal agent investigating Democrat Hillary Clinton was found dead.

Facebook will continue to survey users where they ask people whether they're familiar with a news source and, if so, whether they trust that source. It says it has surveyed a "diverse and representative sample" of U.S. users and next week it will begin testing prioritizing the news sources deemed trustworthy.

"There's too much sensationalism, misinformation and polarisation in the world today", Zuckerberg wrote. "Social media enables people to spread information faster than ever before, and if we don't specifically tackle these problems, then we end up amplifying them", CEO Mark Zuckerberg said in a post announcing the changes.

He said Facebook considered asking outside experts to choose the most reputable news sources, but that doing so would most likely have led to an "objectivity problem".

Facebook Is Going To Let Users Rank News Credibility
Facebook Will Trust Its Untrustworthy Users to Rank the Trustworthiness of News

Schachter said one upside from the News Feed changes is that they could result in more differentiation for Facebook's Watch video tab, which has yet to really catch on.

Zuckerberg has said his goal for this year is to fix Facebook, whether by protecting against foreign interference and abuse or by making users feel better about how they spend time on Facebook.

"There is much to admire in this focus, but as financial analysts, we tend to get a bit concerned when we see vote-controlling CEOs defining what is meaningful and interactive", Schachter wrote. In 2016, Republican US lawmakers expressed concern that Facebook, based in liberal Northern California, was suppressing news stories of interest to conservative readers. It will only shift the balance of news you see towards sources that are determined to be trusted by the community.

Whether this will work is an open question.

The changes will also promote local news sources, which have suffered due to online readership. There's even debate about the meaning of the popular political term, "fake news". The company declined to make Zuckerberg available for an interview.

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