Farewell, Instagram! It would be interesting to see photos of the deserted premises once vacated. Adam Mosseri, the platform’s CEO, is heading back to the US, along with his team, amid a Meta shake-up that involves trimming 20,000 jobs globally and closing some offices. Reports suggest that Meta’s shares are gaining some momentum after its chief rival, the Chinese-owned TikTok, faced mounting regulatory and political pressures. Twitter, on the other hand, is dealing with Elon Musk’s challenges. Overall, with a positive outlook for advertising, things are looking up for Mark Zuckerberg’s social media giant.
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