Facebook Shares Surge Over 6% After Rollout Of Instagram Reels

Facebook Share Price: Facebook shares soared 6.49 per cent to end at $265.28 on Thursday, a day after the internet major rolled out a new short-form video service called Reels within mobile app Instagram. Reels is Facebook's own version of social media rival TikTok. The Facebook stock rose 7.02 per cent at the strongest level of the day to touch the $266.60 mark, compared to its previous close of $249.12. Facebook owns Instagram. The...