Meta is threatening to remove all news content from Facebook in an apparent attempt to pressure Congress over potentially passing the Journalism Competition and Preservation Act that would counter market dominance by social media giants.
The act would ostensibly allow news organizations to negotiate the terms of their content distribution with Big Tech according to the Daily Mail. The move would allegedly impact Meta’s revenue and the company has its fur up over the attempt at leveling the playing field for news.
On Monday, Meta’s Communications Director Andy Stone tweeted that if Congress passes the bill, the company would be “forced” to remove all news content from Facebook and Instagram.
“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 rather than submit to government-mandated negotiations that unfairly disregard any value we provide to news outlets through increased traffic and subscriptions,” the statement from Meta asserted.
“The Journalism Competition and Preservation Act fails to recognize the key fact: publishers and broadcasters put their content on our platform themselves because it benefits their bottom line – not the other way around. No company should be forced to pay for content users don’t want to see and that’s not a meaningful source of revenue. Put simply: the government creating a cartel-like entity which requires one private company to subsidize other private entities is a terrible precedent for all American businesses,” it concludes.