Meta to Shut Down Facebook News Tab in US and Australia Citing Low Usage and Regulatory Burdens
• Meta plans to remove the news tab from Facebook in the U.S. and Australia in April 2024.
• Use of the Facebook News tab dropped 80% in the past year in those countries.
• Meta wants to focus resources on products and services people value more, like short-form video.
• The shutdown is partly due to regulations requiring platforms to pay news publishers.
• Meta won't invest in new news products in the U.S. and Australia going forward.