Meta Just Issued a Status Update. Wall Street Should Read Into It.

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Meta Just Issued a Status Update. Wall Street Should Read Into It.
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Heard on the Street: Meta is trying to engage Instagram users with status updates, Messages, Stories and other retro surfaces, after its Reels short-video platform hasn’t translated into revenue growth for the company

launched in many countries worldwide

this past Tuesday, is “essentially a status update,” said Instagram head Adam Mosseri. Think of it as a 2022 take on a feature Facebook unveiled way back in 2006, then mimicking AOL’s AIM “away message.” Also “new” on Instagram: Candid Stories, a feature being tested as a way for users to share “what’s happening right now” using both the front and the back of the camera at the same time.

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