Meta Vows to Pull all News Content from Facebook and Instagram in California If Forced to Pay Publishers

Facebook and Instagram's parent company Meta claims a proposed California bill that would require them to pay publishers for news content amounts to a "slush fund" that primarily benefits large media companies.
The bill calls for tech companies to pay publishers a "journalism usage fee" for running their news content and ads.
Meta says instead of paying the fee, they will remove news content from their platforms in California.
Supporters argue the bill will help support journalism by requiring 70% of funds from the fee to go to maintaining and creating journalism jobs.
Meta's threat is a "scare tactic" to avoid regulation and support for national media companies over local ones, according to the bill's sponsor.