This document summarizes recent updates and trends related to major social media platforms. It notes that consumption of news on social media is changing as platforms shift focus to niche communities and ad-free subscriptions. Instagram's Reels feature is growing rapidly as Meta works to compete with TikTok, adding new editing, sharing and analytics tools to the format. Facebook is prioritizing discoverability and insights for creators to emphasize professionally generated content. Additional platform updates include new features for customizing algorithms on TikTok and monetization options across Threads, Snapchat and YouTube.