Facebook announced Monday that it plans to stop publishers and people from sharing both local and international news on the social media platform. In a blog post, Facebook Australia & New Zeala…
& New Zealand managing director Will Easton wrote that new plan comes after the country required the platform to pay local digital media companies for their content.
Easton continued stating that the Australian Government’s new law shares Facebook’s goal of supporting local news outlets and newspapers. He also shared that the social media platform has worked “extensively” with the Australian Competition and Consumer Commission. He added the Australian law would “regulate every aspect” of the tech company-publisher relationship and that allowing local publishers to post content comes at a price that “ignores the financial value” the platform brings outlets.
“Instead, we are left with a choice of either removing news entirely or accepting a system that lets publishers charge us for as much content as they want at a price with no clear limits,” he writes. “Unfortunately, no business can operate that way.”
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