#Newsfeed: Facebook announces free version of Workplace; The world record for retweets could be broken over some free chicken nuggets; Jay Z’s catalogue has been pulled from Apple Music and Spotify

Plus why Facebook’s $1 billion Instagram acquisition is still such a great deal five years on.

Facebook has announced a new, free version of the Workplace spin-off that it launched last October. The free version will be called “Workplace Standard” – with the paid version to be referred to as “Workplace Premium” – and will be aimed at smaller organisations who may want to utilise the functionality of Workplace but don’t have the budget for a full deployment.

Read more about the features of Facebook Workplace here.

What a time to be alive! Twitter’s record for the most number of retweets for a single piece of content could soon be broken, when one keen Wendy’s fan asked the fast food chain how many retweets he would need to earn a free year’s supply of chicken nuggets.

See how this story is unfolding here.

It’s been exactly five years since Facebook announced one of the best business acquisitions in the history of Silicon Valley: The US$1 billion purchase of a photo-sharing app called Instagram. At the time of the acquisition, Instagram had just 30 million users and zero revenue, but today the platform has more than 600 million users and is one the way to being a multi-billion dollar ad business (if it’s not already).

Read why this is one of the best business deals in social media to date here.

He’s got 99 problems, but music streaming ain’t one. Jay Z’s extensive catalogue of solo music has been pulled from Apple Music and Spotify. In a statement to The Verge, Spotify said the removal of some of Jay Z’s catalogue was done “at the request of the artist.” The only Jay Z music available on the platforms are features and his projects with R. Kelly and Linkin Park.

Learn more about what this means here.

Snap Inc. has announced a couple of new ad options for Snapchat to help tap into user interests. Advertisers will now be able to re-target users who’ve previously engaged with their other on-platform ad content, as well as having the ability to exclude audience members who has responded to ads from subsequent campaigns, in order to avoid potential fatigue.

Read more of the details here.

• Facebook Tests Live Split-screen Broadcasts [via Social Media Examiner]
• Facebook Adds Signup Buttons to Win Over Skeptical Instant Articles Partners [via AdAge]
• Facebook Announces Free Version of Facebook Workplace [via Social Media Today]
• Facebook is turning into a confusing social nightmare [via Mashable]
• Introducing Twitter Lite [via Twitter Blog]
• The world record for retweets could be broken over some free chicken nuggets [via The Verge]
• 5 Tips for Writing More Effective Twitter Ad Copy (from Twitter) [via Social Media Today]
• Here’s why Facebook’s $1 billion Instagram acquisition was such a great deal [via Recode]
• Diane Keaton, 71, Is the Most Underrated Celebrity on Instagram [via W Magazine]
• Spotify killed the epic instrumental intro [via Mashable]
• Jay Z’s catalog has been pulled from Apple Music and Spotify [via The Verge]
• Harry Shearer: Why My ‘Spinal Tap’ Lawsuit Affects All Creators [via Rolling Stone]
• Tool Posted A Cryptic Photo & The Internet Has Predictably Had A Conniption [via TheMusic.com.au]
• Harry Styles has launched his own independent label [via Music Business Worldwide]
• A beginner’s guide to Mastodon, the hot new open-source Twitter clone [via The Verge]
• Snapchat Announces New Ad Retargeting and App Install Bidding Options [via Social Media Today]
• Meme Trends is like Google Trends but for the dankest memes [via The Next Web]
• Google is rolling out a fact check feature in its search and news results [via Recode]
• 5 Opportunities You’ll Miss if You’re Not Monitoring Social Media in Real-Time [via Social Media Today]
• Opportunism knocks: Agencies use Pepsi debacle to blast in-house studios [via Digiday]
• How a rogue full stop from Domain caused Sydney property prices to plummet [via Mumbrella]
• The MTV Movie & TV Awards Are Dropping Gendered Acting Categories [via Huffington Post]
• TRENDING: #ICAC, #TheMasters, #NickKyrgios

JADEN JAM: One man in China has driven his car into the middle of a river because his GPS told him to.