Instagram walks back its controversial platform changes, Facebook reports a drop in revenue for the first time, TikTok is planning a TikTok Music app and more on this week’s #5Things!

The Things:

1. Facebook reports drop in revenue for the first time
2. Snapchat announces Snapchat Sounds Creator Fund
3. TikTok reportedly to develop TikTok Music app
4. Instagram walks back platform changes
5. YouTube’s making it easier for creators to turn longer content into Shorts

Sources: Platformer, The Verge, Snap.com

Hosts: Joey Scarillo, Tommy Boyce, Jourdain Patrick

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