Facebook is making another attempt to win back teens [CNBC]
Meta Platforms, Inc. - Class A (FB)
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Source: CNBC
Facebook is making another attempt to win back teens. Here's how some of its previous tries have gone David L. Ryan | The Boston Globe | Getty Images Mark Zuckerberg, Harvard dropout and CEO of Facebook, a company worth nearly $400 billion, is pictured at the Harvard University commencement in Cambridge, MA on May 25, 2017. , TechCrunch reported Friday Facebook confirmed to TechCrunch it is privately testing a hub for memes on its platform, called LOL. Facebook said a small number of U.S. users are testing the app, which replaces its Watch section for videos in the app. Facebook told TechCrunch it does not have plans to roll out LOL in Watch and is still determining whether it will become a feature in Facebook's app or a separate app entirely. The company did not immediately return CNBC's request for comment. Although Facebook was born out of a dorm room, the company has failed to keep a new generation of teenagers interested in its platform. A Piper Jaffray survey Luckily for Faceboo
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