Meta, which owns Facebook and Instagram, is threatening to block access to news stories on its sites in California if a new bill that would share revenue with media organizations passes.
California is the first state to try a measure like the one proposed in the bill. However, such proposals aren’t new, and‘s response isn’t either. The company has threatened to cut off access to news stories on its platforms in Australia where a similar measure was proposed. And when U.S.
The news and tech industry has been hemorrhaging over the past few years, suffering thousands of layoffs and closures. Just this year, Vice Media filed for bankruptcy right after Buzzfeed News shut its doors. The bill will go before the California Assembly Thursday and, if it passes, will quickly move to the state Senate.
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