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

Treasury expects to downgrade forecasts
Economy

Treasury expects to downgrade forecasts

Per capita GDP has fallen 4.6% since the September quarter of 2022.

Rebecca Howard 21 Nov 2024
Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024
Retirement sector not out of the woods yet, analysts say
Property

Retirement sector not out of the woods yet, analysts say

Ryman and Oceania will report earnings over the next two weeks.

Gregor Thompson 19 Nov 2024