Meta Threatens to Boycott U.S. News if Congress Passes Bill Allowing Shared Ad Revenue

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Meta, formerly Facebook, warned it would boycott U.S. news outlets on its platform if Congress approves a bill allowing said outlets to hold “greater power” to receive a larger share of Meta’s ad revenue.  Media companies supporting the law say that “Meta generates huge sums of money from news articles shared on the platform,” while many outlets, particularly local, have “struggled during the pandemic.”  Andy Stone, Meta communications director stated, “If Congress passes an ill-considered journalism bill as part of national security legislation, we will be forced to consider removing news from our platform altogether.”