Scoop: Facebook shrinks its experimental product division
Scoop: Facebook shrinks its experimental product divisionAnd you can probably guess what it's working on now
Facebook’s New Product Experimentation division is scaling back its mission dramatically, Platformer has learned. The product group, which was created in 2019 to build everything from games to business tools, was recently given a new mission. In a recent memo, Meta Chief Product Officer Chris Cox directed the team to focus its efforts entirely on innovation in short-form video, according to a person familiar with the matter. The move comes amid concerns that Meta’s own short-form video product, Reels, is failing to keep pace with its rival TikTok. The Wall Street Journal reported this week on an internal analysis in August that found user engagement with Reels had actually fallen over the past four weeks. (A spokeswoman said engagement is currently up overall.) The report also said users continue to prefer uploading TikToks to the platform over making native Reels despite the fact that Instagram is programmed to make TikToks harder to find. Separately, a recent survey of creators found that Instagram offered less “fun,” “reach,” “fair algorithms” and “care” than TikTok or YouTube, The Information reported today. “From day one, exploring creative tools has been a focus area for New Product Experimentation (NPE),” Meta told me in a statement. “With hundreds of ideas and dozens of products explored over the past few years, including those for video and creative tools, we're excited to leverage what we've learned from these experiments and our engagement with other teams at Meta to help creators tell better stories and connect more deeply with others."... Keep reading with a 7-day free trialSubscribe to Platformer to keep reading this post and get 7 days of free access to the full post archives. A subscription gets you:
|
Older messages
Is TikTok's time running out?
Thursday, September 15, 2022
In new testimony to Congress, the company faces stern questions on China
How Cloudflare got Kiwi Farms wrong
Wednesday, September 7, 2022
On platforms and the stochastic terrorism loophole
How a Twitter plan to counter extremism fell apart
Friday, September 2, 2022
A research team was midway through a project to help troubled users. Then Elon Musk bought the company
Twitter's other porn problem
Thursday, September 1, 2022
Imagine the company did want to monetize adult content. Would Apple let it?
🚨 How Twitter’s child porn problem ruined its plans for an OnlyFans competitor
Tuesday, August 30, 2022
Internal documents and Twitter employees reveal the need for massive investment to remove illegal content — but executives haven't listened
You Might Also Like
🚀 Globalstar to the Nasdaq
Saturday, November 23, 2024
Plus $RKLB CEO becomes a billionaire, DIRECTV $SATS debt deal called off, TEC's $160M Series B, and more! The latest space investing news and updates. View this email in your browser The Space
Theory Two
Friday, November 22, 2024
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Theory Two Today, we're announcing our second fund of $450
🗞 What's New: AI creators may be coming to TikTok
Friday, November 22, 2024
Also: Microsoft's AI updates are helpful for founders ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
behind the scenes of the 2024 digital health 50
Friday, November 22, 2024
the expert behind the list is unpacking this year's winners. don't miss it. Hi there, Get an inside look at the world's most promising private digital health companies. Join the analyst
How to get set up on Bluesky
Friday, November 22, 2024
Plus, Instagram personal profiles are now in Buffer! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
10words: Top picks from this week
Friday, November 22, 2024
Today's projects: Remote Nursing Jobs • CopyPartner • Fable Fiesta • IndexCheckr • itsmy.page • Yumestudios • Limecube • WolfSnap • Randomtimer • Fabrik • Upp • iAmAgile 10words Discover new apps
Issue #131: Building $1K-$10K MRR Micro SaaS Products around AI Search Optimisation, Fine-Tuning Image Models, AI-…
Friday, November 22, 2024
Build Profitable SaaS products!! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
(Free) Trial & Error— The Bootstrapped Founder 357
Friday, November 22, 2024
Today, I'll dive into the difference between a trial user and a trial abuser and what you can do to invite the former and prevent the latter. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
💎 Specially for you - will never be repeated again!
Friday, November 22, 2024
The biggest Black Friday sale in Foundr history...but it won't last forever! Black Friday_Header_2 Hey Friend , We knew our Black Friday deal was amazing—but wow, the response has been so unreal
Northvolt files for bankruptcy
Friday, November 22, 2024
Plus: Slush 2024 takeaways; Europe's newest unicorn View in browser Sponsor Card - Up Round-31 Good morning there, European climate tech poster child Northvolt is filing for Chapter 11 bankruptcy