Facebook warns of ‘headwinds’ to its ad business from regulators and Apple

Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50 percent increase from the same period in 2020....

Snapchat adds My Places feature to Snap Map, recommending spots to visit

As more people are venturing out into the world this summer (safely, we hope!), Snapchat wants to make it easier for people to find restaurants, stores, parks and other interesting spots in their neighborhood. Today, Snapchat is starting to roll out the My Places...

Instagram now supports 60-second videos on Reels, its TikTok clone

Haven’t you heard that Instagram is no longer a photo-sharing app? Today, Instagram announced that users can now upload 60-second videos on Reels, the platform’s TikTok competitor. This update also adds functionality for a captions sticker on Reels, which...

Snap had its best quarter in four years

If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last...

Facebook will lure creators with $1 billion in payments

Facebook just announced plans to pay content creators more than $1 billion by the end of next year through new bonus programs designed to keep creatives plugged into its app ecosystem. Facebook founder and CEO Mark Zuckerberg first announced the new funding to...