It's a Subscription Model Market, Facebook's Pivot to Professionals, X Targets Streaming: Monday Social Media News Roundup

Get the need-to-know highlights from the social media industry that happened the week of October 2-6. 1. Agencies Rethink Meta’s Platforms Digiday reports a decline in agency investments in Meta due to diminishing returns. This could lead to lower advertising competition and costs on Meta platforms. 2. Meta’s Subscription Model WSJ unveils Meta’s ad-free subscription…