Meta to set up new group for more paid features on Instagram, Facebook

FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann

(Reuters) - Meta Platforms Inc is setting up a new group that will focus on creating products and features for its Facebook, Instagram and WhatsApp platforms that people will be able to purchase, a company spokesperson said on Wednesday.

"Any new product will be complementary to our existing ads business," the spokesperson told Reuters in an emailed statement.