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• Facebook’s giving up on podcasts, its Clubhouse copycat, and apparently audio as a whole
• Instagram users now spend 20% of their time on the app watching Reels

  During Meta's earnings call for Q1 2022, Mark Zuckerberg talked about the impact short-form Reels are having on Facebook and Instagram.

  
• Companies like Google and Meta could face billion-dollar fines if they don’t comply with a new European Union law

  The Digital Services Act has been passed by the European Union. It will tighten enforcement standards on platforms like Facebook and YouTube.

  
• Spring has hired a Facebook alum as its President and Chief Operating Officer

  Annelies Jansen has come to e-commerce platform Spring from Meta (formerly Facbeook). She will lead partnerships at the company.

  
• Dispo among those hit by “burdensome, overbroad, vexatious and harassing” subpeona from Meta
• Reels creators say their monthly payouts have been cut by as much as 70%
• Facebook needed a way to stay ahead of TikTok. So it paid for smear campaigns in local newspapers.
• Facebook faces lawsuit over celebrity crypto scam ads
• Facebook’s collegiate platform didn’t even last two school years
• Meta, Rolling Stone team up to spotlight creators
• With Facebook whistleblower Frances Haugen in attendance, President Biden’s State of the Union takes on social media
• Meta’s ‘We The Culture’ initiative for Black creators turns its lens on Reels