"Meta's Decision: Ending News Tab and Payment Deals in U.S. and Australia"
Meta, the parent company of Facebook, is planning to shut down its news tab in the U.S. and Australia by April 2024, citing a significant drop in user engagement and a need to focus on products and services that users value the most. The decision comes as Meta aims to distance itself from news-related regulations and payment complexities, following similar moves in the UK, Germany, and France. The company emphasized that existing deals with publishers will not be affected, and users will still be able to share news on their feeds, but it has no plans to invest in new news-related products in these countries.
