Here are some frequently asked questions about what users and businesses might expect from the changes.
CEO Mark Zuckerberg has been doing a bit of soul-searching about the negative effects his company may be having on society and its users' psyches. He's come a long way since November 2016, when he dismissed the notion that fake news on Facebook could have influenced the U.S. presidential election as a "pretty crazy idea ."
Now it's his personal goal for 2018 to fix the site and weed out hate, abuse, meddling by malicious nation states, while also making it more "meaningful" and less depressing for users.
While he acknowledges that Facebook may never be completely free of malign influences, Zuckerberg says that the company currently makes "too many errors enforcing our policies and preventing the misuse of our tools."
The company also faces pressure from regulators in the U.S. and abroad, and a growing backlash from academics, lawmakers and even early executives and investors about the ways in which social media may be leaving us depressed, isolated, bombarded by online trolls and addicted to our phones.
Facebook would much rather make changes on its own than have its hand forced by regulators -- or to see disillusioned users move on to other, newer platforms.
Facebook's stock price dropped almost 6 percent on Friday morning before regaining some ground. That suggests investors take...