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In February 2020, Facebook announced it would spend $1 billion ($1.18 billion in 2023 dollars [31]) to license news material from publishers for the next three years; a pledge coming as the company falls under scrutiny from governments across the globe over not paying for news content appearing on the platform.
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The news feed is the primary system through which users are exposed to content posted on the network. Using a secret method (initially known as EdgeRank), Facebook selects a handful of updates to actually show users every time they visit their feed, out of an average of 1500 updates they can potentially receive.
In August 2023, Meta announced its permanent removal of news content from Facebook and Instagram in Canada due to the Online News Act, which requires Canadian news outlets to be compensated for content shared on its platform. The Online News Act was in effect by year-end, but Meta will not participate in the regulatory process. [88]
Cristiano Ronaldo is the most-followed individual user on Facebook with 170 million followers. Shakira is the most-followed female individual user on Facebook with 123 million followers. This article contains a list of the top 50 accounts with the largest number of followers on the social media platform Facebook.
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Following surveys of Facebook users, [27] this desire for change will take the form of a reconfiguration of the News Feed algorithms in order to: Prioritize content of family members and friends (Mark Zuckerberg January 12, Facebook: [28] "The first changes you'll see will be in News Feed, where you can expect to see more from your friends, family and groups".)
Product (news feed) Facebook launches News Feed. [320] The original news feed is an algorithmically generated and constantly refreshing summary of updates about the activities of one's friends. The concept was relatively new at the time, with Twitter having launched only a few months in advance. 2006: September: Acquisition talks