How to keep local stories at the top of your Facebook newsfeed

How to keep local stories at the top of your Facebook newsfeed

Facebook said it ended the quarter with 2.13 billion monthly active users, up 14% from the year-ago period.

Chief Executive Mark Zuckerberg announced earlier this month that Facebook will rank user posts higher than posts shared by businesses, and today he said that the social network will also prioritize local news sources over national and global outlets.

Wall Street was expecting Facebook to report revenue of $12.5 billion and profit of $1.94 per share.

Perhaps the most striking figure for investors was the decline in daily active users in the U.S, the company's most valuable market. "We're doing this by encouraging meaningful connections between people rather than passive consumption of content". For example, if most people who click on a publisher's link come from San Francisco, Facebook's algorithm will mark post as local news.

Zuckerberg previously said the change could lead to a drop in user engagement and time spent on the platform, but would ultimately improve the quality of the user experience.

Mr Zuckerberg said: "Last quarter, we made changes to show fewer viral videos to make sure people's time is well spent". They use Facebook for its reach and its targeting, with or without the publisher content. Neil Campling, co-head of the global thematic group at Mirabaud Securities Ltd., wrote in a note following the results.

Local Harley-Davidson workers told to go home, plant closing in 2019
Also, it has an estimated price-earnings (P/E) multiple of 10.46 and a trailing 12-month price-earnings (P/E) multiple of 78.28. Finally, SeaBridge Investment Advisors LLC raised its position in shares of Harley-Davidson by 28.2% during the fourth quarter.

Despite beating analyst expectations, Facebook's stock still slid by 5 percent in after-hours trading following its earnings report.

As a result, Facebook said its earnings per share was lower by 77 cents. Without the adjustment, Facebook would have earned $2.21, topping consensus of $1.94. Facebook has told federal election officials it is open to greater oversight of its political ads, but has not explicitly backed the proposed legislation.

A growing number of Americans are consuming news stories from social media sites such as Facebook and Twitter.

The company's executives said this month that Facebook users will see more posts from family and friends and fewer from businesses and publishers. That's despite the fact that Facebook once again had a blockbuster year in 2017: The company revealed Wednesday that it generated $40.65 billion in revenue in 2017, compared to $26.89 billion in 2016.

On January 11, Facebook announced that its switch to meaningful social interactions with friends and families will take a hit on the amount of news in News Feed.

Then there's are the billion-plus Messenger MAUs who have yet to be monetized, and a billion more WhatsApp users who are in the early stages of generating revenue.

Related Articles

  • Russian followers banned from waving flags at PyeongChang Paralympics

    Russian followers banned from waving flags at PyeongChang Paralympics

    Each Russian Paralympian who is approved to compete, he said, will be identified in competition as a "Neutral Paralympic Athlete". The country was first excluded from the Rio de Janeiro Paralympics in 2016 over allegations of a state-sponsored doping.
    Kim Kardashian calls out Lindsay Lohan after criticism of braids

    Kim Kardashian calls out Lindsay Lohan after criticism of braids

    For a start, "Superman" got involved to make sure Kim was "PG-13" and others quickly hopped on the trend to help cover up Kim. Oh my God is she not Oh my God is she not sooooooo on fire right now? I'm just living for it all.
    Eugene Science Center hosts total lunar eclipse viewing party

    Eugene Science Center hosts total lunar eclipse viewing party

    Plan on a photographic moment as the moon rises above the Atlantic's horizon at 5:17 p.m. just before the sun sets at 6 p.m. If you miss Wednesday's lunar eclipse , you'll have to wait almost another year for the next one visible to North America.
  • We Must be Proud of Our Heritage, Rahul Gandhi Tells Youths

    We Must be Proud of Our Heritage, Rahul Gandhi Tells Youths

    It was with the BJP in mind that Rahul said to the people after the concert: "We will defend your culture, your way of thinking". The BJP, however, had its own variation of what it meant by 'soot-boot jibe it took at the Congress chief.
    Trump may try to prosecute special counsel Mueller

    Trump may try to prosecute special counsel Mueller

    CNN's Jim Acosta is reporting tonight that, per a source, President Trump hasn't completely ruled out firing Robert Mueller . Gates, 74, who served both Republican and Democratic presidents, praised Mueller's "extraordinary integrity and character".
    Paris remains on flood alert, 1000 evacuated as Seine rises

    Paris remains on flood alert, 1000 evacuated as Seine rises

    Authorities say some parts and suburbs of Paris are under water, and expect flood levels to remain high throughout the week. Weeks of rainfall have come to end but it'll take another week for the water level to fully recede.
  • Cavs Kevin Love breaks hand, Wizards' John Wall could miss 2 months

    Cavs Kevin Love breaks hand, Wizards' John Wall could miss 2 months

    The team has lost six of its last nine games, amid charges of locker-room dysfunction and the appearance of lackluster effort. The three-year, $170 million contract extension Wall signed in July is on the Wizards' books until 2023.
    South Korean skiers depart for joint training event in North

    South Korean skiers depart for joint training event in North

    Seong-ho successfully fled on crutches through China and Southeast Asia and now lives in South Korea. Seong-ho's father was caught while trying to escape North Korea and "was tortured to death", Mr.
    DMK to raise Women's Reservation Bill in Parliament

    DMK to raise Women's Reservation Bill in Parliament

    The first phase of the session will commence with President Ram Nath Kovind's address to a joint session of both the houses. The Modi-led-government has tabled the economic survey for 2017-18 in the Budget session of Parliament.
  • Three European banks to pay $46m for 'spoofing' market

    Three European banks to pay $46m for 'spoofing' market

    Investigators looked into whether traders at the banks had worked to manipulate futures markets in precious metals. The orders create the illusion of demand, which distorts prices in a way that benefits the trader's positions.
    Russia's Syria peace strategy in question

    Russia's Syria peace strategy in question

    The talks were moderated by Russian Federation and Iran , on the side of Damascus, and Turkey , which aligns itself with several armed opposition groups.
    Epic Games will be shutting down Paragon in April

    Epic Games will be shutting down Paragon in April

    As the player population continues to decrease, matchmaking times and quality will further degrade. Sadly, " Paragon " is one of them, and developer Epic Games is shutting it down soon.