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The latest investment is in addition to the US$600 million which it has paid since 2018 in deals with publishers, Facebook's VP of global affairs Nick Clegg said in a blog post.
Facebook, Google Could Be Forced to Pay for News Content as Australia Is Expected to Pass Amendments Facebook said it would restore Australian users' access to news in light of the compromise it had reached with the government. By Reuters | Updated: 24 February 2021 09:49 IST Frydenberg has said he will give Facebook and Google time to strike deals with Australian media companies Highlights The Liberal Party does not have a majority in the upper house Facebook said it would restore Australian users' access to news Australian lawmakers are expected to approve a...
The government introduced amendments to the so-called Media Bargaining Code after Facebook last week escalated a dispute over the new laws.
Facebook 'refriends' Australia after changes to media laws Hits: 991 CANBERRA--Facebook will restore Australian news pages, ending an unprecedented week-long blackout after wringing concessions from the government over a proposed law that will require tech giants to pay traditional media companies for their content. Both sides claimed victory in the clash, which has drawn global attention as countries including Canada and Britain consider similar steps to rein in the dominant tech platforms and preserve media diversity. While some analysts said Facebook had defended its lucrative mo...
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