KEY POINTS
  • Meta said that it would remove a dedicated section for news articles in April that will affect Facebook users in the United States and Australia.
  • The company's decision to remove the Facebook News tab comes after it said in September that it would eliminate the news section for Facebook users in the U.K., France and Germany.
  • News publishers have seen a massive drop in referral traffic as Meta continues to exit the news distribution business after years of controversies related to misinformation and other content-moderation issues.
Meta's Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Reportedly, Zuckerberg is anticipated to meet with Samsung Electronics chairman Jay Y. Lee later this month to discuss AI chip supply and other generative AI issues, as per the South Korean newspaper Seoul Economic Daily, citing unnamed sources familiar with the matter.

Meta said Thursday that it would remove a dedicated section for news articles in April that will affect Facebook users in the United States and Australia.

The social networking giant characterized the decision to shutter the Facebook News tab as "part of an ongoing effort to better align our investments to our products and services people value the most," according to a corporate blog post.