February 01, 2018 at 01:05AM from ESPN
By NICK WINGFIELD
The company’s shift to providing cloud services continues to pay off, as its revenue rose to $28.92 billion last quarter.
Published: January 31, 2018 at 01:00AM
from NYT Technology http://ift.tt/2nqiY5r
Facebook CEO Mark Zuckerberg said people spent 50 million fewer hours per day on the site last quarter after the company made changes to display fewer viral videos.
“Our focus in 2018 is making sure Facebook isn’t just fun, but also good for people’s well-being and for society,” he said Wednesday in a Facebook post. “We’re doing this by encouraging meaningful connections between people rather than passive consumption of content. Already last quarter, we made changes to show fewer viral videos to make sure people’s time is well spent.”
“In total, we made changes that reduced time spent on Facebook by roughly 50 million hours every day,” he added.
Facebook also recently announced changes to the algorithm behind its New Feed to show users more “meaningful” posts from friends and family members, instead of