Australia’s government said Google and Facebook Inc. are nearing agreements to pay domestic media companies for news, in a sign a regulatory standoff may be softening. Australian Treasurer Josh Frydenberg held talks with Facebook Chief Executive Officer Mark Zuckerberg and Google counterpart Sundar Pichai over the weekend. “We’re very close to some very significant commercial deals,” Frydenberg told the Australian Broadcasting on Monday, according to a transcript sent by his office. “We have made great progress.” Alphabet Inc-owned Google and Facebook oppose planned Australian legislation forcing them to pay media companies for news, and Google has threatened to shut down its search engine if the law is enacted. Parliament will consider the legislation from this week, giving the internet giants an incentive to agree compensation terms for news companies before the law is passed.
MONEYWEB
app instead?
As the two companies begin to build out rival business lines.
By Kurt Wagner, Bloomberg
28 Jan 2021 09:23
Image: George Frey/Bloomberg
Facebook Chief Executive Officer Mark Zuckerberg said he sees Apple as a âsignificantâ future competitor as the two companies begin to build out rival business lines.
Zuckerberg discussed Facebookâs key product areas on Wednesday during a fourth-quarter earnings call, and said he expects there to be âvery significant competitive overlapâ with the iPhone maker on several of them, including private messaging and augmented reality glasses. He criticised Appleâs iMessage, suggesting it offered weaker privacy than Facebookâs WhatsApp, and implied iMessageâs market dominance in the US was the result of unfair advantages provided by Apple.
The move is the most severe punishment any social media company has taken in response to Trump, who used online platforms to encourage the violent mob that stormed the Capitol on Wednesday.
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Facebook Bans President Trump From Posting For The Rest Of His Presidency
at 10:50 am NPR
Facebook said Thursday it is banning President Trump until the end of his presidency and possibly longer. It is the most forceful action a social network has taken against Trump, who has spent months using social media to amplify disinformation and cast doubt on his loss in the presidential election.
Facebook CEO Mark Zuckerberg wrote that removing or labeling Trump s posts is not enough in the current environment in which Trump has used Facebook to encourage mob violence on the U.S. Capitol. We believe the risks of allowing the President to continue to use our service during this period are simply too great, Zuckerberg wrote. Therefore, we are extending the block we have placed on his Facebook and Instagram accounts indefinitely and for at least the next two weeks until the peaceful transition of power is complete.