Intending to provide monetary incentives to influencers on the platform, Meta-owned Instagram is currently testing a feature called 'Gifts' that allows creators to earn money through Reels.

Instagram working on a new feature called 'Gifts' to monetise reels for creators

The Verge reported that Facebook and Instagram will get more paid features as Meta is setting up a new group that will focus on creating products. A company spokesperson told News agency Reuters that "Any new product will be complementary to our existing ads business.

More paid features on Facebook and Instagram? Meta to set up new group for creating products

Spiegel's payout trails the 2007 and 2008 compensations of Daniel Och, CEO of hedge fund Och-Ziff Capital Management Group, according to ISS Analytics, the data arm of Institutional Shareholder Services Inc.

Snapchat chief earns $638 million in 2017, third-highest CEO payout ever

A reversal for the company after a red-hot March initial public offering that was one of the biggest for a US?tech company

Snap shares plummet as investors mark down first earnings report

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Instagram working on a new feature called 'Gifts' to monetise reels for creators

More paid features on Facebook and Instagram? Meta to set up new group for creating products

Snapchat chief earns $638 million in 2017, third-highest CEO payout ever

Snap shares plummet as investors mark down first earnings report