Facebook is turning to Messenger and Instagram to find new sources of revenue, as its news feed grows increasingly cluttered. The social media giant, which added 76 million new users the second half of 2017 and recently posted $9.32bn profits, is still seeking an ad complement to its news feed that will allow growth to continue. The company is also targeting the South American and African markets, which account for a fraction of the revenue brought in by the US and Canada.
Facebook is turning to Messenger and Instagram to find new sources of revenue, as its news feed grows increasingly cluttered. The social media giant, which added 76 million new users last quarter and recently posted $9.32bn profits, is still seeking an ad complement to its news feed that will allow growth to continue. The company is also targeting the South American and African markets, which account for a fraction of the revenue brought in by the US and Canada.