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Meta to Slash Payments to News Platforms – The Information

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


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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. Photo: Reuters.

 

Meta Platforms is weighing slashing payments to news organizations as it reviews the deals it struck in the past few years, The Information reported, citing people familiar with the matter.

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.

 

Read the full report: The Information

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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