Can we expect Reels to activate Meta user growth again like Stories did 3 years ago?

$Meta Platforms (FB.US)$ There is a lot of competition and users have a lot of choices, such as TikTok, which is why we are now focusing on Reels (a short video product embedded on Instagram) to ensure that more young users are attracted. Reels is the fastest growing platform among its products, contributing the most to Instagram interaction growth. This is the period when short videos are popular, and Reels is expected to grow rapidly. Guided by industry competition and user demand for short videos, we are shifting more and more activities to Reels. Reels will have lower monetization rates than Feeds and Stories.
User engagement is high, and Reels is already one of the main sources of Instagram interaction improvement.
A new form of advertising from Reels. We are also gradually transforming information and content from the traditional model to the form on Reels, which is the same as our successful transition from desktop feed, to mobile feed, and then to Stories, and the transition to Reels is the same. .
The Reels team is currently executing well and growing rapidly. Of course, competitor TikTok is also growing fast, so we need to invest more in Reels.
We are very confident in the monetization ability of Reels in the long term, although there are not many ads on Reels right now.