Explained: What's up between Google, Facebook and Australia?
Google accounts for 53% of Australian online advertising revenue and Facebook for 23%, according to Treasurer Josh Frydenberg. Google had threatened to make its search engine unavailable in Australia in response to the legislation, which would create a panel to make pricing decisions on news. On Thursday, Facebook responded by blocking users from accessing and sharing Australian news. Facebook said the proposed law "ignores the realities" of its relationship with publishers that use its service to "share news content." That was despite Frydenberg saying this week Google and Facebook "do wa...