Revenue Growth Slows, Meta Reduces Funds Distributed To Organizations News

JAKARTA - Meta Platforms is considering reducing the funding they provide to news organizations. This is because they are currently re-evaluating the partnership achieved over the last few years.

Information about Meta's stance was first reported by The Information on Monday, May 9 citing people familiar with the matter.

The social media giant, the owner of Facebook, Instagram, and Whatsapp, has noticed that fewer people have clicked on links to news articles since Donald Trump left his position as US President.

Meta did not immediately respond to a request for comment from Reuters on the report.

Meta last week said it was slowing growth in its workforce after posting its slowest revenue growth in a decade and Chief Executive Officer Mark Zuckerberg said it would cut costs.

These cost reductions include the funds they allocate to media organizations in several countries. This being an option called Meta is very realistic