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Facebook Is Giving Up on News—Again

Wired · 1y ago

Facebook Is Giving Up on News—Again

Meta (formerly Facebook) is discontinuing its News tab in France, Germany, and the UK by December, effectively ending payments to news outlets. While the company will continue to honor existing deals, it won't renew them or establish new paid-for news partnerships. This decision comes as legislation in the EU and UK may require Meta to pay for the news it shares. News content accounts for just 3% of viewed content on Facebook's app, and Meta seems reluctant to continue paying for it. The move represents another shift in Meta's strategy regarding news content.

Related News

Facebook will remove its News tab, and stop paying publishers for news

The Verge

The Verge · 1y ago

Facebook will remove its News tab, and stop paying publishers for news

Facebook will be shutting down its News tab feature in April 2024 in the United States and Australia. This move comes as part of Meta's decision to deprecate Facebook News and not enter new commercial deals for news content. The company claims that news only makes up a small percentage of the content people see on their Facebook feeds and that they need to focus on other areas, such as short-form video. Publishers are encouraged to continue sharing links on their own pages to drive traffic to their websites. This announcement follows Facebook's earlier retreat from news with the shutdown of Instant Articles.

Meta to drop 'Facebook News' tab in some European countries

Economic Times

Economic Times · 1y ago

Meta to drop 'Facebook News' tab in some European countries

Meta Platforms, the parent company of Facebook, will discontinue its "Facebook News" feature in the UK, France, and Germany later this year. Users will still have access to news articles, and European news publishers will maintain their Facebook accounts and pages. However, Meta will not form new commercial deals for news content on "Facebook News" or offer product innovations for news publishers in these countries. The move is part of Meta's refocus on other areas of its business.

Meta CTO says startup life isn't glamorous like in the movies: 'I didn't sleep for more than 4 hours at a time'

Business Insider

Business Insider · 1y ago

Meta CTO says startup life isn't glamorous like in the movies: 'I didn't sleep for more than 4 hours at a time'

Meta's CTO, Andrew "Boz" Bosworth, shed light on the realities of working in startup culture. In an interview, Bosworth discussed his experience as an early engineer at Facebook, debunking the romanticized notions surrounding startup success. He highlighted the sacrifices he made, including giving up social activities and fun during his 20s. Bosworth worked 120 hours a week, slept only four hours at a time, and had to handle issues independently with no support. While he acknowledged the enthusiasm for startups, he emphasized that the path is not all glamorous.

Meta Says It Won’t Renew Deals With News Publishers in Australia, U.S.

Livemint

Livemint · 1y ago

Meta Says It Won’t Renew Deals With News Publishers in Australia, U.S.

Facebook owner Meta has announced that it will not be entering into new deals with traditional news publishers in Australia and the U.S. The decision comes as the number of users accessing the dedicated news tab on Facebook dropped by over 80% last year. While users will still be able to view news article links on Facebook, Meta will be deprecating the dedicated news tab called Facebook News. The move has reignited the debate over whether social media companies should pay news publishers for content. Australian officials have criticized Meta's decision, stating that news publishers deserve fair compensation for their content.

TechCrunch Minute: You're likely seeing less news and politics on Instagram. Here's why

TechCrunch · 1y ago

TechCrunch Minute: You're likely seeing less news and politics on Instagram. Here's why

Instagram and Threads are reducing the amount of political content that shows up in users' feeds. They will limit the reach of political content from accounts that users do not follow. Meta, the parent company of these platforms, is making efforts to decrease the reach of news and political content across its platforms. Threads will host news content but will not amplify it. Facebook is also blocking news content in Canada due to a dispute over paying publishers for content. The definition of political content on Instagram is broad, encompassing anything related to laws, elections, or social topics.

Amazon and Meta settle UK investigations with pledges to refrain from unfair practices

Economic Times

Economic Times · 1y ago

Amazon and Meta settle UK investigations with pledges to refrain from unfair practices

Amazon and Meta (formerly Facebook) have settled separate antitrust investigations by the UK's Competition and Markets Authority (CMA). Amazon's investigation focused on whether the company was harming competition by giving preference to merchants that paid for additional services. Amazon will no longer be able to use third-party sellers' data to gain an advantage, and sellers can negotiate their own delivery rates. Meta's probe looked into data collection practices and the embedding of Facebook Marketplace into its social network. Meta will allow competitors to opt out of data use and limit ad data use in product development.

Bombay HC Orders Removal Of NSE MD's Deepfakes Online

Inc42 · 11m ago

Bombay HC Orders Removal Of NSE MD's Deepfakes Online

A judge at the High Court has ordered Facebook, WhatsApp, Instagram, and Telegram to delete any accounts or posts that violate the NSE's trademark. The court also instructed the social media platforms to remove any content that is flagged by the NSE within 10 hours of receiving a complaint. The NSE took legal action after deepfake videos of its CEO and MD giving stock advice appeared online.

Facebook News tab will soon be unavailable as Meta scales back news and political content

Economic Times

Economic Times · 1y ago

Facebook News tab will soon be unavailable as Meta scales back news and political content

Meta will be ending the Facebook News feature in the US and Australia, as the company continues to de-emphasize news and politics on the platform. The News tab, launched in 2019, curated headlines from various news organizations. Despite this change, users will still be able to view links to news articles and organizations will still be able to post and promote their stories on Facebook. Meta's decision comes as it tries to address concerns about handling misinformation and political polarization. The change does not affect the fact-checking network and review of misinformation on the platform.

Meta’s News Block Causes Chaos as Canada Burns

Wired · 1y ago

Meta’s News Block Causes Chaos as Canada Burns

Meta, the parent company of Facebook, blocked news content in Canada in response to new legislation that requires payment to news businesses for content on their platforms. This led to the deletion of a news director's Facebook page followed by 28,000 people. Canada has lost 474 local news outlets since 2008, while Facebook and Google dominate 80% of digital ad revenue in the country. The Online News Act (Bill C-18) was passed to make companies like Meta pay for news content, but Meta warned it might block news availability in response. The situation underscores the challenge of regulating tech giants.

Mark Zuckerberg's Meta just got some bad news

Business Insider

Business Insider · 1y ago

Mark Zuckerberg's Meta just got some bad news

The European Commission has declared that Meta's "pay or consent" advertising model violates the Digital Markets Act in the European Union. The model allows users to either pay a fee to avoid seeing ads on Facebook and Instagram or continue using the free version with personalized ads. EU regulators argue that this binary choice forces users to consent to the combination of their personal data, without providing a less personalized option. Meta has the opportunity to respond to the preliminary findings, and if found non-compliant could face fines up to 10% of its global revenue.

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