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Facebook 'refriends' Australia after changes to media laws


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3 hours ago, ukrules said:

So the Australian government caved in to facebooks demands.

 

It's pretty clear who's in charge.

No, read what happened, compromise is what happened. Neither got what they wanted.

 

Diplomacy and compromise.

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What happened is that the Oz government agreed to a couple of minor 'technical' changes that don't in any way reduce the effect of the legislation - eg giving a month's notice in any particular case before the compulsory arbitration provision kicks in - but allowed Facebook to claim a major concession & thus save face.

 

Australia 5, Facebook 2 at the final whistle.

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Facebook pledges to invest $1 billion in news after Australia standoff ends

Facebook announced Wednesday that it plans to spend at least $1 billion in the news industry over the next three years.

The announcement comes just days after a heated debate with the Australian government over how much Facebook should pay news publishers for content.

“We’ve invested $600 million since 2018 to support the news industry, and plan at least $1 billion more over the next three years,” Nick Clegg, vice president of global affairs at Facebook, said in a blog published Wednesday.

https://www.cnbc.com/2021/02/24/facebook-to-invest-1-billion-in-news-over-next-three-years.html

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