Meta’s short-form video surface, Reels, now generates $50 billion in annual run rate. That’s more than some of the largest media companies like Netflix, TikTok, and YouTube’s ad business.Reels may be less culturally relevant than those companies, and its users spend less time on the platform than others, but it prints money and shows no signs of slowing down.This episode explores how Meta’s infrastructure made Reels one of the most successful monetization plays in modern tech and what could threaten its momentum next.CHAPTERSSPONSORSChartmetric: Listen in for our Stat of the WeekLinktree: Help your followers discover everything you do, with one simple link. Use code TRAPITAL50 for a discountTRAPITALWhere technology shapes culture. New episodes and memos every week. Sign up here for free.