*By Conor White* After losing $136 billion in market cap in less than a week, Facebook is looking for ways to reinvigorate its outlook at a time of slowing ad revenue growth, [continued fallout](https://cheddar.com/videos/facebook-stock-crushed-after-disappointing-earnings) from the Cambridge Analytical data privacy scandal, and the [latest revelation](https://www.nytimes.com/2018/07/31/us/politics/facebook-political-campaign-midterms.html) Tuesday that it's detected attempts to influence this November's midterm elections. "It's been a long 2018 for Facebook," said Madison Malone Kircher, an associate editor at New York Magazine. "Which brings us to the one thing Facebook is doing right, and that's the Stories platform. It works really well on Instagram, which Facebook owns, and they've really been trying to push to make it work on Facebook." Instagram Stories has 400 million daily users, double the number of users of rival Snapchat, and Facebook has been trying to lure advertisers to the Stories platform. Kircher said in an interview Tuesday with Cheddar that neither of the social media companies has figured out how to make user-generated stories on their platforms profitable. "Snapchat, which is the creator of this style of posting, has also struggled with it," Kircher said. "They rolled out a new platform called 'Commercials' this week, which is similarly trying to figure out how to sell ads against this style of content." In the end, Kircher said Facebook can push Stories to advertisers all it wants, but it won't be successful until it's popular with users. "It's a two-fold problem Facebook has," Kircher said. "One, trying to convince advertisers to buy ads in this space, but first they have to figure out how to get us to use it." For more on this story, [click here](https://cheddar.com/videos/facebook-pushing-stories-feature-to-advertisers).

Share:
More In Technology
Shopify Opens Up New York Hub for Entrepreneurs
The e-commerce company opened Shopify New York on Thursday, a community workspace aimed at helping entrepreneurs. Cheddar's Michelle Castillo takes a deeper look at the Manhattan location.
Biden Seeks to Boost Fuel Economy to Thwart Trump Rollback
The Biden administration wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026. It also has won a voluntary commitment from the industry that electric vehicles would make up roughly half of U.S. sales by 2030.
Ariana Grande to Headline Fortnite Rift Tour Concert Series
Fortnite fans are getting a special treat this month. Epic Games just announced that Ariana Grande will be performing at Fortnite's upcoming Rift Tour. The five-show concert series kicks off August 6th through August 8th. Jordan Minor, apps and games analyst at PCMag.com joins us to talk about what fans can expect from the virtual concert.
Load More