As you can see in this example, shared by social media expert Matt Navarra, the new listing now enables you to select 'Hide like and share counts' in the post detail screen. Previously, you could only hide Like counts in isolation.
The option is available at the post level, so you can opt to hide your like and share counts on each individual update, but you can also make this the default setting for all of your posts in the app (under 'Settings'/'Privacy'). Though if you do, that'll also apply to your Instagram posts as well.
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