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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Facebook Is Changing Its News Feed Algorithm Again

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June 30, 2017, 6:21 PM ET
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Privacy setting shortcuts are displayed on Apple Inc. iPhone 6 smartphone screen as a FaceBook Inc. logo is seen in this arranged photograph taken in London, U.K., on Friday, May, 15, 2015. Facebook reached a deal with New York Times Co. and eight other media outlets to post stories directly to the social network's mobile news feeds, as publishers strive for new ways to expand their reach. Photographer: Chris Ratcliffe/Bloomberg via Getty ImagesPhotograph by Chris Ratcliffe — Bloomberg via Getty Images
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Facebook said on Friday it was changing the computer algorithm behind its News Feed to limit the reach of people known to frequently blast out links to clickbait stories, sensationalist websites and misinformation.

The move is another step by the world’s largest social network to weed out spam, a battle Facebook has fought for years but that gained urgency after hoax news stories spread widely during last year’s U.S. presidential campaign.

Facebook said the change would reduce the influence of a “tiny group” of people it has identified who share vast amounts of low-quality public posts daily. Only about 0.1% of people who share more than 50 posts a day would be affected.

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The change would affect only links shared by those people, not their photos or other posts, the company said.

“Our research shows that there is a tiny group of people on Facebook (FB) book who routinely share vast amounts of public posts per day, effectively spamming people’s feeds,” said Adam Mosseri, Facebook’s vice president for the News Feed, in a blog post.

The algorithm behind the News Feed determines which posts people see from friends, advertisers and other sources, and the order in which they appear depending on how users responded to previous posts.

Facebook, which has 2 billion monthly active users, frequently tweaks its computer code.

In May, Facebook announced a change that would give lower prominence to links that lead to pages full of deceptive or annoying ads.

A change in August was designed to deemphasize stories with clickbait-style headlines.

Friday’s change will de-prioritize links from specific spammers, Mosseri said.

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