Facebook (Meta), which rakes in billions of dollars in profit selling ad space, is refocusing its strategy on building the "metaverse". Read More...
Reuters
Analysis-Facebook usage dips for first time. Will Instagram follow?
The big question is when will it be Instagram’s turn? One forecaster, Insider Intelligence, does not expect Meta Platforms Inc’s Instagram social media service to lose users in the next three years. Instagram, which the tech giant acquired in 2012 for $1 billion, has been viewed as an antidote to slowing growth at Facebook, with revenue from ads on Instagram increasingly crucial to Meta.
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