NY Rep. Jerry Nadler Blasts Facebook, Google For Stealing News & Destroying Journalism Jobs At Antitrust Hearing

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NY Rep. Jerry Nadler Blasts Facebook, Google For Stealing News & Destroying Journalism Jobs At Antitrust Hearing
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NY York Rep. Jerry Nadler Blasts FB, Google For Stealing News, Destroying Journalism Jobs At Antirust Hearing

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Nadler was referring to Facebook’s vastly overstating the success of videos posted to its social network, altering the advertising landscape and pushing media outlets to pivot to video and, in the process, lay off other kinds of journalists. But Facebook had exaggerated time spent watching videos by as much as 900%, according to a class action lawsuit by advertisers. The suit, citing thousands of pages of internal Facebook documents, alleged it was aware of the issue for at least a year.

According to a study by the Pew Research Center, overall newsroom employment dropped by 23% between 2008 and 2019. The coronavirus pandemic, which slashed advertising even as news consumption surged, accelerated layoffs at media outlets. The New York Times estimated in April that 36,000 media workers were laid off, furloughed or had their pay cuts since COVID hit.

Google closed its news service in Spain in 2014 after legislation was introduced requiring it to pay publishers. French regulators have ordered Google to work out a way to compensate news outlets when their stories appear on its news tab or search results.

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