Skip to main content

Market Overview

Facebook Scraps Instagram Kids Project For Now

Facebook Scraps Instagram Kids Project For Now
  • Facebook Inc (NASDAQ: FB) would halt its Instagram for kids project development, Instagram head Adam Mosseri said in an interview on the Today Show Monday, the Wall Street Journal reports.
  • Facebook will reassess the project at a later date. Meanwhile, Instagram will continue to focus on teen safety and expanding parental supervision features for teens.
  • The project first announced in March received widespread opposition from lawmakers. Facebook also internally acknowledged Instagram's harmful impact on teenagers.
  • Facebook's global head of safety, Antigone Davis, will testify before the Senate on consumer protection on Thursday.
  • Price Action: FB shares traded lower by 0.84% at $350 in the premarket session on the last check Monday.

Related Articles (FB)

View Comments and Join the Discussion!

Posted-In: BriefsNews Tech Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at