Facebook has insisted it can afford to lose news from the app.
Mark Zuckerberg's firm has issued a warning to Australian watchdog ACCC, which has come up with a new code for tech companies in response to the advertising industry taking a hit during the coronavirus pandemic.
Part of the code calls for firms like Facebook to pay to have news from other publishers on their site in Australia.
However, Zuckerberg is not willing to pay and would much rather pull news from Facebook altogether.
Last year, Facebook invested $300 million into local news.
The social media giant vowed to help out outlets with news programs, partnerships and initiatives.
