Facebook parent company Meta invested $40 million earlier this year in Japanese mobile gaming company Playco, Axios has learned.
Why it matters:Facebook's user base shrunk (a tiny bit) for the first time ever last quarter, but Meta's apps remain some of the largest social networks on the internet. That's meaningful to a company like Playco, which wants to be on as many popular platforms as possible.
Former President Trump's new social media network, Truth Social, appears set to debut in the Apple App Store on Monday, per Reuters.
Why it matters: The network's launch would mark Trump's return to social media since he was permanently banned from Twitter, Facebook and Youtube following the Jan. 6 Capitol attack.
