Don’t expect “old Instagram” to return anytime soon. During Meta Platforms’ second-quarter earnings call with Wall Street analysts, CEO Mark Zuckerberg and other execs emphasized the potential for video to unlock significant revenue-generating opportunities.
They also said it’s a good thing that algorithms are recommending more content in users’ feeds, even though a vocal subset of Instagram users has been loudly complaining about the changes in recent days.
The quarter was a rough one for Meta, which missed analysts’ forecasts and reported its first-ever year-to-year revenue decline.
A little more than 15% of a typical Instagram user’s feed is recommended by artificial intelligence from people, groups or accounts than the user does not follow, Zuckerberg estimates, much of it video.
Read more on deadline.com