Instagram, the photo-sharing app Facebook acquired for $715-million in 2012, generated more than a quarter of the social media company’s revenue last year, according to people familiar with the matter.
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Facebook’s growth is slowing, adding pressure to a company facing more restrictive privacy regulations and continued scrutiny from global lawmakers and antitrust officials.
On its way to amassing more than a billion users, Instagram has become the most powerful force in shaping commerce this side of Amazon.com.
Facebook is pursuing rights to music videos from major record labels, programming that could boost interest in its Watch video service, according to people familiar with the matter.
Facebook has unveiled a new corporate logo which will be stamped across its family of apps in its latest move to bring its various platforms under one roof.
Instagram has unveiled a new messaging app called Threads, which has striking similarities to Snapchat.
Underscoring the importance of social media to South African smartphone users, Telkom has unveiled a series of new “social bundles”, offering access from as little as R1.
Facebook is considering a test to stop showing the number of “likes” that posts get in an effort to reduce the competitive pressure of social media.
Instagram is to test a new tool which will allow users to report content they believe is misinformation. The Facebook-owned social media platform said it would launch the new trial feature at the end of August.
Facebook is taking the first major step in a plan to merge its systems and let users exchange messages among all its different mobile apps.