But Meta, which is based in Menlo Park, California, said in a statement Thursday that a “lot has changed since we signed deals three years ago to test bringing additional news links to Facebook News in the U.S.”
On Wednesday, Meta Platforms Inc. posted its first revenue decline in its history and forecast weak results for the current quarter as well.
Meta does not pay for news content that outlets post on its platform. The News Tab deals, the company said Thursday, were for “incremental content, e.g., ensuring that we had access to more of their article links and that we were including a range of topic areas at launch.”
The company said Facebook News will continue in the other countries it's currently in, and the shift in the U.S. won't change the deals in those places — the U.K., France, Germany and Australia.