Tag: Instagram head Adam Mosseri

[ad_1] As Meta Platforms Inc. pursues an expensive, unproven metaverse strategy, success will depend in part on whether Instagram can pay the bills. As Meta Platforms Inc. pursues an expensive, unproven metaverse strategy, success will depend in part on whether Instagram can pay the bills. Instagram is a major growth driver for the company, with 2 billion monthly active users worldwide, closing in on the 2.96 billion who use Meta's Facebook. Meta's stock is down more than 70% this year, with investors unsure about two major bets. There's the long-term investment in the metaverse, creating hardware and software for a virtual reality-fueled future internet. And in the near-term, there's the initiative for improving the company's social media recommendation algorithm, to better highli...