Facebook’s Private Gamble Goes Public

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Facebook’s Private Gamble Goes Public
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Heard on the Street: Facebook is growing antisocial or, at the very least, a bit cliquey

Facebook is growing antisocial or, at the very least, a bit cliquey. But the social network’s shift from public to private communications may come at the expense of developers and advertisers, and it is unclear whether the undertaking will garner more users or less.

In a keynote speech on Tuesday at Facebook’s F8 annual developer conference, Chief Executive Mark Zuckerberg announced a significant redesign of its mobile app and website, shifting focus from an open public forum to a more private, closed network that emphasizes...

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