🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Facebook plans to shut down its news tab in the U.S. and Australia
TechCrunch
·
1y ago
Medial
Facebook will be shutting down its news tab in the U.S. and Australia as it seeks to distance itself from news-related regulations and payment complexities. The company announced that it will sunset the product in April 2024, citing a significant drop in users over the past year. Facebook's decision is likely influenced by regulatory moves in Australia and Canada, where authorities have required platforms to pay online publishers for their content. Facebook clarified that existing deals with publishers will remain unaffected but confirmed it has no plans to invest in new news-related products.
View Source
Related News
Meta Says It Won’t Renew Deals With News Publishers in Australia, U.S.
Livemint
·
1y ago
Medial
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.
View Source
Facebook will remove its News tab, and stop paying publishers for news
The Verge
·
1y ago
Medial
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.
View Source
Australian media hits back as Facebook scraps news deals
Economic Times
·
1y ago
Medial
The executive chairman of News Corp Australasia, Michael Miller, called on Australia to resist tech giants, following Meta's decision to stop paying for news content. Miller warned that this move could result in job losses and expose Australians to more misinformation and scams. He criticized Meta's disregard for Australian government and laws, suggesting that the company prioritizes its own interests over community welfare. Meta had recently announced the termination of its Facebook News tab in Australia and the discontinuation of deals with news publishers. Miller emphasized the negative impact of misinformation on society and democracy.
View Source
Facebook News tab will soon be unavailable as Meta scales back news and political content
Economic Times
·
1y ago
Medial
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.
View Source
Australia frets over Meta halt to US fact-checking
Economic Times
·
6m ago
Medial
Australia is concerned over Meta's decision to end US fact-checking on Facebook and Instagram, fearing increased misinformation. Treasurer Jim Chalmers highlighted the danger to democracy and public mental health. Meta plans to replace fact-checkers with community posts, starting in the U.S. Australia's efforts to curb misinformation include investing in reliable news and implementing social media restrictions. However, Australia's local fact-checking contract remains unaffected by Meta's U.S. change.
View Source
Meta to shut down misinformation monitoring tool CrowdTangle ahead of major US elections
Economic Times
·
1y ago
Medial
Meta, the parent company of Facebook, has revealed plans to shut down CrowdTangle, a vital tool for monitoring misinformation, right before significant global elections, such as the upcoming one in the US. CrowdTangle, acquired by Facebook in 2016, will be decommissioned on August 14. This move has raised concerns about transparency and security among experts. While Meta has promised a replacement tool, researchers argue that it may not offer the same level of effectiveness as CrowdTangle.
View Source
EU presses Meta on plans after disinformation tracker axed
Economic Times
·
11m ago
Medial
The European Union has formally requested Meta (formerly Facebook) to provide details on how it plans to ensure transparency after scrapping the CrowdTangle tool, which tracks disinformation online. Meta's decision to shut down the tool has drawn criticism, as it is considered crucial for tracking viral falsehoods, especially during major election campaigns. The EU's request was made under the Digital Services Act, a new law aimed at tackling illegal content online. Meta has until September 6th to provide information on its alternative platforms for researchers and its plans to update election monitoring functionalities.
View Source
Meta to temporarily shut down social media platform Threads in Turkey
Reuters
·
1y ago
Medial
Meta Platforms announced that it will temporarily shut down its social media platform, Threads, in Turkey starting April 29. This decision is in compliance with an interim order from the Turkish competition authority, which aims to hinder data sharing between Meta's Instagram and Threads platforms. However, Meta stated that its other social media platforms, including Facebook, Instagram, and WhatsApp, will not be affected by this temporary shutdown.
View Source
Who could buy TikTok? Only a few parties are serious about offering
Economic Times
·
5m ago
Medial
TikTok faces a potential U.S. ban requiring it to sell or shut down due to its Chinese ownership. ByteDance, TikTok’s parent company, is reluctant to sell, especially without its key algorithm, which China likely won't approve for sale. Interested buyers include Frank McCourt and Kevin O'Leary, with commitments for over $20 billion. Ex-Treasury Secretary Steven Mnuchin is also interested. The proprietary algorithm is a major hurdle, raising U.S. security concerns.
View Source
Facebook Is Giving Up on News—Again
Wired
·
1y ago
Medial
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.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cdn.vox-cdn.com/uploads/chorus_asset/file/19316943/ImageJoiner_2019_10_24_at_2.17.31_PM.png)
