June 29 2016 should have been a bad day for several news publishers’ stocks. That day, Facebook announced a significant change in its algorithm. In short: to the detriment of news contents, more family and friends-related material will show up in the users’ newsfeed. This is a statement of priorities for the social network that serves 1.65 billion people across the world.
For the first time, Facebook stated explicitly that it didn’t care too much about news.