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Meta Dropping Facebook News Tab in US, Australia
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The Spin
Narrative A
Meta is following the numbers. News content makes up just 3% of Facebook user feeds around the world, so the company is wisely shifting its investments toward things users want. News websites will still be able to share their content across the platform and, once their audience clicks on their website, these companies won't have to share a penny of the revenue with Meta.
Narrative B
Meta's move adversely impacts journalism. A functioning society needs a robust press to cover the stories of the day, but platforms like Facebook make it impossible for journalists to make any money doing their jobs. Governments like Australia tried working with Meta to build a fair system for publishers and the company, but Meta has decided to turn its back on principle in favor of profit.