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Facebook News Feed Plan Tanks Stock, Costs Zuckerberg $4B

The same plan to devalue pages in the Facebook News Feed that sent musicians and music marketers scrambling did the same for investors Friday. Facebook stock fell 4.47%, closing down. Continue reading [https://www.hypebot.com/hypebot/2018/01/facebook-news-feed-plan-tanks-stock-costs-zuckerberg-4b.ht

,   and  Bruce Houghton
Mark ZuxkerbergThe same plan to devalue pages in the Facebook News Feed that sent musicians and music marketers scrambling did the same for investors Friday. Facebook stock fell 4.47%, closing down $8.40 at $179.37. For founder Mark Zuckerberg, that translates to a $4 billion loss in his net worth.  But don't feel to bad for Zuckerberg,  He's still worth about $74 billion.  Musicians and music marketers who spent countless hours building an now devalued following on Facebook are not so lucky. 

MORE: Facebook Overhauls News Feed, Demotes All Pages

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