Meta wages war with ‘low value’ news industry

San Francisco | London | Meta is shunning the news business, giving lower priority to current affairs and politics on its social media platforms while refusing to engage with efforts from governments to make the US tech giant pay more to media organisations.

Facebook’s parent company, after years of attempting to placate powerful publishers by funding non-profit journalism projects and striking deals with groups like Rupert Murdoch’s News Corp, is toughening its stance towards the sector, according to people familiar with the company’s strategies.

Financial Times