Bloomberg: Facebook Is Pulling Back From Its Foray Into Podcasting

Bloomberg: Facebook Is Pulling Back From Its Foray Into Podcasting. “Facebook’s waning interest in podcasting is a disappointment for some in the growing industry because the scale of its platform offers a large potential audience, and with it, the possibility of more advertising revenue. Instead, parent company Meta Platforms Inc. is turning its attention to the metaverse and short-video projects amid increasing competition and a precipitous drop in its stock price.”

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