"In 2018, we're focused on making sure Facebook isn't just fun to use, but also good for people's well-being and for society", he said in a statement this afternoon. In total, we made changes that reduced time spent on Facebook by roughly 50 million hours every day.
Lexi Felder, a 33-year-old Facebook user from Atlanta, say she used to spend five hours a day on the service. "That comes out to 2 minutes per day in lower engagement", Wedbush Securities analyst Michael Pachter said.
We identify local publishers as those whose links are clicked on by readers in a tight geographic area.
That announcement seemed to shake investors, who sent Facebook's stock down 3.7% in after-hours trading. The S&P 500 Index .SPX rose 24 percent during the same period.
Facebook to prioritize local news over "divisive" national issues Facebook will prioritize local news sources in people's news feeds in an effort to avoid "divisive" media and promote civic engagement, according to Mark Zuckerberg.
U.S. prosecutors drop corruption case against Sen. Menendez
Melgen was separately convicted of a Medicare fraud in Florida and is awaiting sentencing in that case in July. District Judge William Walls threw out seven of the 18 charges against the New Jersey Democrat.
Facebook will pay $2.3bn (£1.6bn) in unexpected taxes as a result of the tax overhaul the United States approved past year.
The company its centrepiece News Feed to prioritise what friends and family share, while reducing the amount of non-advertising content from publishers and brands. But such changes come at a cost.
Facebook also said its user growth had cooled slightly from its last update.
Already last quarter, the company made changes to show fewer viral videos "to make sure people's time is well spent".
The Nintendo Switch Has Outsold the Wii U
It now expects group operating profit to more than quintuple to 160 billion yen, up from its previous outlook of 120 billion yen. In addition, of course, there's an impending core Pokémon game, that should see sales of the system skyrocket even more.
But the Facebook's profits were much lower than expected, which the company is attributing the recent tax overhaul passed by Congress last previous year. The spending spree includes new warehouses full of servers and thousands of new workers to review content posted by users. Facebook still brought in $4.26 billion in profits last quarter.
Excluding a tax provision, the company earned $2.21 per share, topping analysts' estimates of $1.95, according to Thomson Reuters I/B/E/S.
The technology firm reported a 47% increase in revenue on the same period past year in its latest quarterly financial results.
Facebook said about 1.40 billion people were using its service daily as of December 31, up 14 percent from a year earlier, compared with analysts' estimate of 1.41 billion, according to financial data and analytics firm FactSet. Ad revenue increased 48% year over year.
United says no to emotional support peacock
Some Twitter users supported the United passenger's attempt to bring the peacock onto her flight, while others were outraged. In response, Delta is imposing new, stricter regulations around emotional support animals beginning March 1.