Facebook offers high-priced contracts to Prominent TikTok Creators Ahead of Wider Release of Instagram Reels

Amid ongoing speculation about the future of TikTok, Facebook is looking to heap more pressure onto the short-form video app by offering high-priced contracts to prominent TikTok creators in order to get them to share their content to Instagram’s Reels option instead. As reported by The Wall Street Journal: “Instagram has made lucrative offers to some of TikTok’s…