Has news media suffered due to FB allegedly exaggerating its video metrics?

A digital native media company in New Zealand, recently posted a story with an analysis of the Facebook's impact, saying that its fake video statistics 'smashed New Zealand journalism'

Facebook and quality journalism are uneasy companions. Recent headlines suggest the platform’s “lies” about video metrics “smashed” journalism and the platform “crashed and burned” news companies’ referral traffic after it changed its algorithm in January.

The Australian Competition and Consumer Commission is currently holding a digital platform inquiry to investigate what kind of impact social media platforms, search engines and other content aggregators have on the local media market. In the United Kingdom, the Cairncross review is assessing similar issues, looking for ways of sustaining high-quality