Facebook's YouTube competitor Watch is pivoting to older audiences as teens tune out and the company pares down the number of shows it purchases (Michelle Castillo/CNBC)

Michelle Castillo / CNBC:
Facebook's YouTube competitor Watch is pivoting to older audiences as teens tune out and the company pares down the number of shows it purchases  —  - Facebook's Watch, a hub for shows and premium video content, was intended to be its big competitor to YouTube.

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