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

Meta would rather spend money on Reels

Now, Meta has a different message, reiterating a claim that “news makes up less than 3 percent of what people around the world see in their Facebook feed, and is a small part of the Facebook experience for the vast majority of people.” Instead of paying publishers, Meta will “have to focus our time and resources on things people tell us they want to see more of on the platform, including short form video.” Those three-year deals were made after Australia’s government passed the News Media and Digital Platforms Mandatory Bargaining Code, and they’re about to run out. The 2021 power struggle ended after Australia amended its law and included Facebook temporarily applying a news ban that took down pages for government organizations and nonprofits.

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