AFTER UNFRIENDING each other last week, Facebook and Australia are pals again. On February 23rd the world’s largest social network announced that it would reverse its decision to switch off the sharing of news on its site in Australia, as well as the sharing of Australian news sources globally. For its part, the Australian government said it would amend its proposed News Media and Digital Platforms Mandatory Bargaining Code, which had so upset Facebook.
The central idea of the code, which Australia’s parliament passed into law on February 25th, is that tech platforms benefit unfairly from content created by others. Companies like Google and Facebook make money from ads, which sit alongside links to news articles, among other things. The publishers of those articles say they deserve a share of the ad revenue.
Australia’s code looks particularly fearsome. If an online platform and a media company are unable to reach a deal, an official arbiter will make a binding decision. Rather than splitting the difference between bids, it will choose between each side’s final offer. If it sides with the newsmen, platforms could be on the hook for hefty sums.
Tech platforms are already making such payments, in a bid to ward off regulation. Last year Google launched its “News Showcase”, under which it plans to distribute $1bn over three years to publishing companies around the world. Facebook’s “News Tab” shares advertising revenues in a similar way . Currently operating in America and Britain, it is to be launched in more countries. On February 24th Facebook announced that it too would dole out $1bn for journalism over the next three years.
The whole idea was counterproductive, especially when people and organisations freely distribute news content on Facebook.
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Information providers corporations are a business, that is in urgent need of respect basic standards of impartiality & accuracy, as bases to justify their earnings in any🌏🌍🌎country.
Journalism is worthless because it has nothing to reveal to the Chinese workers about “communist” China. Information on China to the Chinese is the only relevant information. If China does not reinvent communism soon, we will all wish to die. China is stealing all your good jobs.
I’m glad we faced this crossroad
Can you bitches decide?
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That’s disgusting 😂😂. Y’all Australia media reporters better do your country proud and make Facebook cut y’all a fatty check!
From their high perch, the folks at The Economist have no idea how much this badly implemented Facebook unfriending smashed up and stressed out Australian Small Business and Charities. Caught between the Big Swinging Egos of Big Tech, Big Government and Big Media.
Facebook is a socialist site, to much censorship, what's happened to free speech?
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