Posted on 10/20/2023 11:50:45 AM PDT by Tench_Coxe
SAN FRANCISCO — Campbell Brown, Facebook’s top news executive, left the company this month. Twitter, now known as X, removed headlines from the platform days later. The head of Instagram’s Threads app, an X competitor, reiterated that his social network would not amplify news.
Even Google — the strongest partner to news organizations over the past 10 years — has become less dependable, making publishers more wary of their reliance on the search giant. The company has laid off news employees in two recent team reorganizations, and some publishers say traffic from Google has tapered off.
If it wasn’t clear before, it’s clear now: The major online platforms are breaking up with news.
(Excerpt) Read more at news.yahoo.com ...
They don’t want to run afoul of the new EU rules on ‘disinformation’, so they just will quietly let their news divisions die off..............
More likely due to the inherent cost of compliance with Canadian laws. Canada left them with 3 choices:
a) Jump through hoops to comply with Canada’s news censorship law
b) Block all Canadian users from their platform
or
c) Just stop serving up news
Seems like the industry has chosen (c).
That and revenue sharing. Tech wants all the revenue, but many countries, like Canada and Australia, are demanding a deal on revenue sharing with the other news media so that they can survive.
Perhaps a simpler explanation - they don’t want to pay the news organizations and the overhead compliance costs. But other factors you folks mentioned may also figure into it - it is doubtful that AP and Reuters and NYT etc would run afoul of these onerous foreign regulations.
Personally, I am totally annoyed when I look at my phone and see the news that Apple choses to curate for me. And it’s all really just a tease to try get me to pay them $9.99 a month for full access. Which I will never pay them. I got FR.
A ‘News’ Tax?...................
“They don’t want to run afoul of the new EU rules...”
I would have guessed they understand unreliable reporting by the agenda driven news organs and the opportunity for cutting ties without journalistic retribution was at hand.
Part of the problem is they can’t satisfy ALL the governments simultaneously...............
Gaming is a big money maker.
Entertainment somewhat less so, although crowd sourced entertainment like TikTok and YouTube are fairly big.
News is not very lucrative.
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