Facebook Abandons a Very Competitive Market

Published by
The Street

By Luc Olinga Social-media giant Facebook is looking to the metaverse as a growth driver. Facebook plans no big announcement, no alert, no messaging of consequence to users to tell them that their favorite podcasts will no longer be available. Now known as Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report, Facebook will end its adventure in the World of podcasts. A few weeks after the social-media giant confirmed to TheStreet that the group was no longer really investing in audio, Facebook will in coming weeks discontinue Soundbites (short stories), podcasts and the audio platform. …

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