Meta mulls reducing money it gives news organisations

The social media giant has noticed that fewer people have been clicking on links to news articles since Donald Trump left office.

May 10, 2022 01:10 pm | Updated 01:10 pm IST

FILE PHOTO: Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021.

FILE PHOTO: Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021. | Photo Credit: Reuters

Meta Platforms is considering reducing the money it gives news organisations as it reevaluates the partnerships it struck over the past few years, The Information reported on Monday, citing people familiar with the matter.

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The social media giant has noticed that fewer people have been clicking on links to news articles since Donald Trump left office, the report added, citing the people.

The Instagram parent did not immediately respond to a Reuters request for comment.

Meta last week said it was slowing the growth of its workforce after recording its slowest revenue growth in a decade and Chief Executive Officer Mark Zuckerberg said it would scale back costs.

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