Facebook is getting rid of the News tab in Europe – CNBC

Andrew Ross Sorkin speaks with Meta CEO and founder Mark Zuckerberg during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City, Nov. 30, 2022.Michael M. Santiago | Getty ImagesFacebook users in the U.K., France and Germany will no longer see a dedicated section for news articles starting in December.Meta said Tuesday that it is plans to “deprecate” the Facebook News tab in early December for users in those European countries as “part of an ongoing effort to better align our investments to our products and services people value the most.”The company added that it plans to spend more time and money on short-form video, as best exemplified by its TikTok-like Reels product. News represents less than 3% of what people see in their Facebook feeds, Meta said.Meta said it would honor the Facebook News obligations it had made to publishers in those countries, but said it won’t enter into new deals and has no plans to offer new products for news publishers.Meta debuted Facebook News in 2019, saying at the time that the product “was built to bring people closer to the stories that affect their lives.”The decision to
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