Why Instagram Pulled Back on Reels and How They Make $50 Billion Per Year
Calvyn Lee Blog
NOVEMBER 30, 2023
According to CEO Mark Zuckerberg, promoting Reels was costing Meta around $500 million per financial quarter, totalling nearly $2 billion per year. The estimated $2 billion toll from Reels promotions equates to only around 4% of Instagram’s gargantuan annual revenue.
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