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IPFS News Link • Social Networking/Social Media

As Facebook Shoots Themselves in the Foot, New Social Media Platform Pays You to Post

• http://thefreethoughtproject.com/facebook-social-m

Facebook's recent announcement over their algorithm shift to keep users in their own little happy bubbles is making its competition, like Steemit, shine.

Last week, Facebook announced that they will be keeping all their users in happy little bubbles that won't show them anything controversial, thus ensuring an entire social media platform devoted to pictures of what people are eating for dinner. Illustrating just how unwelcome this change was, after Facebook announced it's changing the algorithm to focus on friends and family while excluding news and information, the company saw a near-instant drop of 4.4 percent—costing Mark Zuckerberg nearly $3.3 billion.

In a Facebook post last Thursday night, Zuckerberg said that public content from brands had inundated news feeds, overtaking posts from personal connections. By the end of Friday, Facebook shares were trading at $179.37, down more than 4.4 percent from Thursday's price of $187.77, according to a report in Newsweek.

"Video and other public content have exploded on Facebook in the past couple of years," wrote Zuckerberg in his post. "Since there's more public content than posts from your friends and family, the balance of what's in News Feed has shifted away from the most important thing Facebook can do—help us connect with each other."

"As we roll this out, you'll see less public content like posts from businesses, brands, and media. And the public content you see more will be held to the same standard—it should encourage meaningful interactions between people."


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