Meta retreats from news: what it means for NZ

Meta retreats from news: what it means for NZ
Meta chief executive Mark Zuckerberg . (Image: Getty)
Daniel Dunkley
Two weeks ago, a group of New Zealand news publishers prepared for a trip to Auckland to attend a party hosted by tech giant Meta at trendy Karangahape Road bar, Barcita. Meta’s event was an all-expenses paid affair, bringing together participants in its latest “Accelerator” initiative, designed to guide local newsgroups on growing their digital audiences.However, just days before the soirée, the party was abruptly cancelled.Hours before the cancellation, the Facebook parent had announced the largest restructuring...

More Editor's Picks

Lord of the Rings return boosts screen sector
Editor's Picks

Lord of the Rings return boosts screen sector

News that NZ is to become Middle-earth once again is welcomed by the film industry.

Daniel Dunkley 20 May 2024
The Warehouse boss quits
Retail

The Warehouse boss quits

The company "needs fresh energy", chair says.

CCHL directors resign en masse
Infrastructure

CCHL directors resign en masse

Four directors are leaving with immediate effect, citing dividend frontloading.

Oliver Lewis 15 May 2024
Fletcher should avoid capital raise 'at all costs'
Markets

Fletcher should avoid capital raise 'at all costs'

Fletcher's debt concerns analysts, but largest shareholder not keen on raising cash.