Meta Axes Google Veteran Heading Insta For Kids; Project Remains Halted

Meta Platforms Inc's FB VP of youth Pavni Diwanji departed as part of a restructuring, the Wall Street Journal reports.
Diwanji supervised Instagram's development of a controversial product for children. Diwanji previously served as a VP at Alphabet Inc's GOOG GOOGL Google, where she led YouTube kids and other family-oriented projects.
Adam Mosseri, head of Instagram, would continue to head youth-focused work, while Instagram for kids remained halted since its September suspension following regulatory pressure.
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Meta admitted, "While we're making a few organizational changes, developing safe, age-appropriate experiences for teens remains one of our most important priorities at Meta."
Instagram for Kids was one of Meta's ambitions to engage younger users, which could have been a crucial growth driver.
Price Action: FB shares are down by 1.51% at $195.50 premarket on the last check Thursday.