Meta Platforms is rolling out its short-form video offering, Reels, in more than 150 countries in a big bet on its answer to TikTok. Investors don’t seem excited thus far.
The company announced the Facebook Reels global expansion, as well as editing features and a handful of new ways for people to earn money from their content, on Tuesday, but Meta stock (ticker: FB) closed down 2% to $202.08. The Nasdaq Composite fell 1.2%.
Reels…