As California lawmakers press Facebook and Google to pay publishers for content, a new study from Facebook’s parent company on Monday insists it is benefiting the news business.
The... As California lawmakers press Facebook and Google to pay publishers for content, a new study from Facebook’s parent company on Monday insists it is benefiting the news business. The bill would also require publishers to invest 70% of the profits from that fee in journalism jobs. However, a Facebook-funded report by NERA Economic Consulting concludes news content from traditional publishers is “of low value to Meta and declining, and posts with links to news articles are less than 3% of what people see in their Facebook feeds.” It claimed publishers benefit from traffic from content posted on social-media platforms.
Facebook seems to be free riders if Facebook doesn't pay to publishers.