Meta threatens news blackout in California over ad revenue sharing bill.

Meta Platforms, the parent company of Facebook, has threatened to ban users in California from sharing news on its website if the state passes the California Journalism Preservation Act, which would require online platforms to pay fees to news publishers. The proposed bill would require Meta to pay eligible media companies usage fees based on a percentage of the ad revenue its platforms generate. Meta argues that the local news industry was losing steam long before Facebook became a popular forum for sharing news.