Instagram rolls out TikTok-like features amid uncertainty about rival’s future
CNN
Instagram has made changes in recent days that appear to be aimed at attracting TikTok users while the short-video app’s future remains in limbo.
Instagram has made changes in recent days that appear to be aimed at attracting TikTok users while the short-video app’s future remains in limbo. Adam Mosseri, head of the Meta-owned platform, said on Friday that Instagram’s profile photo grids will now display images as rectangles, rather than the app’s signature squares — a layout that’s notably similar to how profile pages look on TikTok. And on Saturday, Mosseri said Instagram will increase the maximum length for Reels videos from 90 seconds to three minutes — following the lead of TikTok, which began pushing users to post longer videos in 2023. “We’ve historically only allowed reels up to 90 seconds given our focus on short-form video, but we’ve heard the feedback that this is just too short for those who want to share longer stories,” Mosseri said Saturday in an Instagram post. The updates could mark an effort to attract users to spend more time on the platform amid uncertainty over the future of TikTok. TikTok shut down access for US users Saturday night, hours before a law that was set to ban it went into effect. But if Instagram was hoping it would score some new users during the TikTok shutdown, those hopes were quickly dashed. Trump on Sunday pledged to issue an executive order to restore access to TikTok, and the app appeared to be coming back online soon after.
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Global markets are reeling over President Donald Trump’s haphazard approach to tariffs and an escalating trade war with China. Stocks have been volatile, and an unsettling shift has emerged in the bond market.
So, what happens now that President Donald Trump has art-of-the-dealed his way out of his own centerpiece economic initiative because it nearly broke financial markets?
Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves.
If paying $1,000 for a new iPhone already sounded expensive, consumers should brace for even greater sticker shock later this year. President Donald Trump’s tariffs on foreign goods – specifically those sourced from China – are expected to heighten the prices of everyday tech products, from iPhones to laptops, cars and even smaller gadgets like headphones and computer mice.
The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.
CNN is tracking price trends for various household staples each month as new factors threaten to increase costs.
The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.
The European Union has announced it is putting retaliatory measures against the United States on hold for 90 days after US President Donald Trump unveiled a similar pause Wednesday.
OpenAI countersued Elon Musk Wednesday, citing a pattern of harassment by Musk and asking a federal judge to stop him from any “further unlawful and unfair action” against OpenAI, in a court case over the future structure of the firm that helped launch the AI revolution.
What was supposed to be a historic, era-defining trade war launched by US President Donald Trump against range of countries has, for now, narrowed in on a singular target: China.
“I guess they say it was the biggest day in financial history,” President Donald Trump told reporters Wednesday afternoon. Later, in an apparent hot-mic moment, he told a fawning senator that the market was up almost seven percentage points. “Nobody’s ever heard of it. It’s gonna be a record.”
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President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China.