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Facebook Inc. (FB) Is Losing Ground After Announcing News Feed Changes

Facebook (FB) said it is making major changes to its News Feed, prioritizing personal posts from family and friends over videos and posts from businesses and news media.

In a blog post, co-founder and Chief Executive Mark Zuckerberg said the sweeping changes are being made to "encourage meaningful interactions between people," even as he acknowledged it may hurt the company's bottom line.

Facebook has gapped open sharply lower Friday morning and is now down 9.31 at $178.45. The stock has fallen to nearly a 2-week low.

by RTT Staff Writer

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