Why Instagram Pulled Back on Reels and How They Make $50 Billion Per Year
Calvyn Lee Blog
NOVEMBER 30, 2023
Instagram Surprisingly Cuts Reels Creator Bonuses On March 10, 2023, Meta made a shocking announcement that they would no longer offer bonuses to creators on Reels for Instagram or Facebook. However, when looking at the full financial picture of Instagram itself, that $2 billion annual loss is comparatively quite small.
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