Meta stock has lost more than half its value since September highs as the company tries to reinvent into the metaverse. Read More...
Benzinga
Facebook Stops Renewing US Publisher Contracts In Its Quest For Metaverse, TikTok Rivalry: Report
Meta Platforms Inc (NASDAQ: META) informed U.S. publishers regarding the non-renewal of contracts to feature their content in its Facebook News tab, Axios reports. Meta’s move will affect deals worth over $100 million. The U.K., France, Germany, and Australia deals will remain intact, the Wall Street Journal reports. Meta had signed up multiple publishers recently, including deals worth tens of millions of dollars with news organizations like WSJ, the New York Times, and the Washington Post. Ear
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