Facebook parent company Meta has warned that it will pull news articles from its social media platform if Congress passes the Journalism Competition and Preservation Act (JCPA).
The legislation was introduced by Sen. Amy Klobuchar (D-Minn.) in March 2021 and would effectively remove some existing antitrust laws; making it easier for small news publishers to collectively negotiate with tech giants such as Facebook for a larger share of digital advertising profits.
JCPA has received backing from dozens of democratic and Republican lawmakers but not everyone agrees with the bill.
Andy Stone, Meta’s head of policy communications, wrote on Twitter on Monday that the legislation is “ill-considered”, and noted that Congress is reportedly considering passing the bill as part of its annual defense bill in December….