FTX Org Chart: Who is helping steer the second-biggest crypto exchange in the world?View Now

Campbell Brown. Photo by AP.

Meta Rethinks News Partnerships as Priorities Shift

Photo: Campbell Brown. Photo by AP.

Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years, according to people familiar with the matter. The reassessment comes as Meta looks to cut costs broadly and rethinks the value of including news in its flagship Facebook app.

Meta’s Facebook and Instagram apps have lately focused on expanding their short-term video offerings so they can compete more effectively with TikTok. At the same time, the social media company has noticed that fewer people have been clicking on links to news articles since President Donald Trump left office, the people said.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing e-commerce media/telecom
ByteDance’s Big Marketing Bill
TikTok CEO Shou Zi Chew. Photo by Bloomberg.
It turns out that viral tech phenomena are not so, well, viral. That was one of the big takeaways from ByteDance’s 2021 financials, reported today by The Wall Street Journal. ByteDance, which owns TikTok and a range of extraordinarily popular Chinese apps, lost more than $7 billion from its operations last year. One reason was heavy investment in research and development and in...
Latest Briefs
 
TSMC Reports Better-Than-Expected Revenue Despite Chip Industry’s Slowdown
Amazon Cancels Scout Delivery Robot
Judge Puts Trial on Hold for Twitter and Musk
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Org Charts crypto
FTX Org Charts: Inside Sam Bankman-Fried’s Crypto Empire
FTX, the second-biggest crypto exchange in the world by trading volume, has recently been dubbed a “central bank” of crypto as the firm—under the helm of co-founder and CEO Sam Bankman-Fried—emerged as a lender of last resort to struggling businesses amid the market meltdown.
Photo of Mark Zuckerberg by Bloomberg. Art by Mike Sullivan
Exclusive e-commerce amazon
Meta’s Abandoned Shopping Cart: How Mark Zuckerberg’s Commerce Plans Went Wrong
It was 2020 and Mark Zuckerberg’s focus on his latest project began to intensify. Online shopping was booming, and the CEO of Facebook—now called Meta Platforms—wanted to transform Facebook and Instagram into shopping destinations.
Creator Economy Database startups
The Buzz Over Creator Economy Dulls to a Quiet Roar
The creator economy is going through a shakeout. Tech companies focused on creators are laying off workers, shelving products and curbing perks such as cash advances for online influencers.
Photo by Getty Images.
Exclusive culture electric vehicles
Tesla Makes Cash, Not Stock, the Default for Many Employees’ Compensation Awards
Tesla will start giving its employees cash grants as their default incentive to stick with the company, rather than the equity awards it has traditionally handed out, according to internal documents viewed by The Information.
Matt Mazzeo. Image via YouTube
Exclusive
Coatue General Partner Matt Mazzeo Departs to Launch Fund
Matt Mazzeo, a general partner at New York-based investment firm Coatue Management since 2018, has left to start his own investment fund, according to two people with direct knowledge of the matter.
John Curtius. Art by Mike Sullivan.
venture capital
Tiger Global’s Tech Portfolio in Limbo as Key Partner Curtius Exits
John Curtius over the last two years became synonymous with the most disruptive force in venture capital—Tiger Global Management.