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Meta mulls reducing money it gives news organizations

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A man stands in front of a sign of Meta at its headquarters in Menlo Park, California, U.S. October 28, 2021. REUTERS/Carlos Barria

Register now for FREE unlimited access to Reuters.comMay 9 (Reuters) – Meta Platforms (FB.O) is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years, The Information reported on Monday, 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 more

Register now for FREE unlimited access to Reuters.comReporting by Praveen Paramasivam in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.

Source : Reuters

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news7.asia Meta mulls reducing money it gives news organizations