Instagram disclosed its revenue for the first time ever

We finally know how much money Instagram makes — thanks to documents disclosed by a court filing, which revealed that the social media site raked in $32.4 billion in advertising revenue in 2021, nearly 30% of Meta’s total. That’s 12% more than the net amount that Alphabet reported from YouTube in the same year... although it’s worth noting that YouTube splits a substantial portion of what it generates with its content creators.

$32.4 billion

$1 billion: what Facebook paid for Instagram in 2012

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Nathan's Famous restaurant on Coney Island

Iconic hot dog brand Nathan’s Famous just sold for $450 million

Packaged meat company Smithfield Foods has agreed to acquire the historic Coney Island staple — best known for its annual hot dog eating contest — in an all-cash deal.

KFC ranked worst out of 76 restaurant chains per new market share analysis

The chicken wars are taking their toll, new Barclays analysis suggests, as competitors close in on the chain that once ruled the roost.

Nate Becker

1/22/26

Paramount is doing everything except the one thing that could give its Warner Bros. bid a chance of success

Warner Bros. says “more than 93%” of its shareholders have rejected Paramount. That’s probably not going to change substantially unless Paramount boosts its offer.

Streamers continued retreating from original shows in 2025

The death of “peak TV” has not been exaggerated, per a new report from Luminate.

Max Knoblauch1/21/26

Retail display of Takis snack food in various spicy flavors in Target store, Queens, New York

America’s love for spicy food and mouth-tingling sauces has surged, but are we approaching “peak heat”?

Takis doesn’t think so, as it searches for a “Chief Intensity Officer.”

Claire Yubin Oh1/21/26

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