Facebook Cancels US News Publisher Agreements

As a result of the economic slump and changing user behaviour, Meta Platforms has announced that it would no longer pay US news organisations to have their content displayed on Facebook’s News Tab.

According to the corporation, most users “do not come to Facebook for news,” and it “doesn’t make sense as a business to overinvest in areas that don’t line with user preferences.”

The collaborations were launched in 2019 by Meta, which was then known as Facebook. The “News” part “The Wall Street Journal, The Washington Post, BuzzFeed News, Business Insider, NBC, USA Today, and the Los Angeles Times, among others, have sections on the Facebook mobile app that just display headlines.

The corporation did not specify how much it paid the news organisations, but reports indicate that it was in the millions of dollars for major publications such as The Wall Street Journal.

The Associated Press did not take part in the campaign.

At the time of the program’s inception, CEO Mark Zuckerberg told the Associated Press that he saw “a chance to establish new long-term, secure revenue relationships with publishers.”

However, Meta, located in Menlo Park, California, stated in a Thursday statement that “a lot has changed since we inked arrangements three years ago to explore adding additional news links to Facebook News in the US.”

Meta Platforms reported its first revenue decrease in its history on Wednesday and forecasted negative results for the current quarter as well.

Meta does not pay for news articles published by publications on its platform. According to the firm, the News Tab partnerships were for “incremental content, such as ensuring that we had access to more of their article links and that we were including a range of topic areas at launch.”

The firm stated that Facebook News will continue in the other countries where it is now available and that the change in the US will not affect the agreements in other countries — the United Kingdom, France, Germany, and Australia.

Apart from this, if you are interested, you can also read EntertainmentNumerologyTech, and Health-related articles here: PicukiAlexis Clark Net WorthBlack Panther 2Marvel Echo Release DateFrozen Fruit RecipesBlack TourmalineWebtoon XYZFastest VPN for AndroidIFVODXXXX Dry ReviewHighest Grossing Indian Movies of all TimeHighest Grossing Movies of All TimeRush Limbaugh net worthGotham Season 7Parag Agrawal Net WorthTara Reid Net WorthBlonde TrailerFastest VPN for PCWPC18Highest Paid CEO in India 2022Highest paid athletes 2022My5 TV ActivateKissmangaWPC16Highest Paid CEO 2022Grey’s Anatomy Season 19WPC15Alexa.com Alternatives

The Resident Season 6Kraven The HunterOne Punch Man season 3The Resident Season 5Yellowstone season 5Ozark season 4 part 2How to Remove Bookmarks on MacOuter Banks Season 4How to block a website on ChromeHow to watch NFL games for freeDesireMovies, How to watch NFL games without cableHow to unlock iPhoneHow to cancel ESPN+How to turn on Bluetooth on Windows 10Outer Banks Season 3

6streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in DiscordVampires Diaries Season 9Homeland Season 9Brent Rivera Net WorthPDFDriveSmallPDFKnightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number

666 Angel Number777 Angel Number444 angel numberBruno Mars net worthKissAnimeJim Carrey net worthBollyshareAfdahPrabhas Wife NameProject Free TVKissasianMangagoKickassanimeMoviezwapJio RockersDramacoolM4uHDHip DipsM4ufreeFiverr English Test AnswersNBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for reading. Stay tuned with us. 

Subscribe to Our Latest Newsletter

To Read Our Exclusive Content, Sign up Now.
$5/Monthly, $50/Yearly



September 23 Zodiac: Sign, Traits, Compatibility, And More

Are you born on September 23rd and curious about...

Is ChatGPT Detectable by Turnitin? Unveiling the Reality 

In recent times, ChatGPT, powered by OpenAI's GPT-3 technology,...

Understanding MACD: The Moving Average Convergence Divergence Indicator

The MACD, or Moving Average Convergence Divergence, is a...

What are Orthopedic Shoes and Who Should Wear Them?

Orthopedic shoes are often viewed as for individuals with...

Best Pakistani Women’s Clothing Brands in UK and USA

Pakistani clothing is a blend of tradition, culture, and...