Facebook pulls the plug on its LOL teen-oriented app before it even launched

Facebook began as a website for college students to connect, but its demographic quickly ballooned to include everyone and their grandmother (almost literally). And while more users was a good thing for Facebook, the wide adoption had a negative effect as well. Teenagers don’t really enjoy hanging out with their older and totally uncool relatives, so many of them heavily reduced their activity on Facebook in favor of other apps such as Instagram and Snapchat.

In a somewhat cringy attempt to gain back teenagers’ good grace, last month Facebook announced that it's developing a meme app called ...