Meta Platforms is taking steps to reduce headcount as it tries to cut costs by 10% over the next few months, The Wall Street Journal reports. The company has been reorganizing teams and cutting projects as it focuses on core priorities such as short-form video and the metaverse. The changes, which come as Meta struggles with a hit to its advertising business, have left many employees with...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok? It’s a delicate topic inside Meta. After three years of work on Reels—a feature on Instagram and Facebook that shows...
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