Technology major Meta Platforms, Inc. (NASDAQ: META) owned social media giant Facebook will stop paying the U.S. news publishers and will no longer feature their content in the Facebook News Tab, according to a report by Wall Street Journal. Why is Facebook Not Renewing Contracts With the U.S. News Publishers? Facebook believes that the majority of the audience on its platform does not access news, and any allocation of resources for this purpose is a waste. Meanwhile, regulations around the world requiring technology platforms such as Facebook to pay for news also played a role in the company's decision.
https://www.tipranks.com/news/facebook-will-no-longer-pay-american-news-publishers?utm_source=advfn.com&utm_medium=referral
Meta Platforms (NASDAQ:META)
Historical Stock Chart
Von Aug 2022 bis Sep 2022 Click Here for more Meta Platforms Charts.
Meta Platforms (NASDAQ:META)
Historical Stock Chart
Von Sep 2021 bis Sep 2022 Click Here for more Meta Platforms Charts.