As a Facebook user if a friend encounters racism I'd like to see the link to blog post about it as well. If a friend is performing in a concert I'd like to see the link to the concert program. If a friend writes a news article or is in the news I'd like to see it as well. If a friend launches a startup I'd like to know. I often don't see these things because they're links.

I'm referring mostly to friends' content only. Decreased external links from non-friends is fine, but I'd like to see everything from friends and what they're upto, and in whatever form they want to share it in. That's why they are friends.