Facebook says its business could afford to get rid of news - Business Insider

A competition watchdog in Australia released a proposed code of conduct for Facebook and Google that would force them to pay for linking off to news sites.

Although this dispute is happening in Australia, Facebook's remarks are a signal to publishers agitating for tech giants to compensate the media as revenue continues to erode.Visit Business Insider's homepage for more storiesFaced with the prospect of having to pay for running news on its platform, Facebook issued a clear message to publishers: We don't need you.

In a submission to the ACCC on Monday, Facebook said there is a "healthy, competitive rivalry" between itself and news publishers,. It added that it could get rid of news from its platform without any major impact on its business as news only makes up a "very small fraction" of what users see on their news feeds.

"If there were no news content available on Facebook in Australia, we are confident the impact on Facebook's community metrics and revenues in Australia would not be significant."

So basically Facebook and Google use other people’s news stories and don’t pay for them and people don’t click the links because they just read the headline and comment thereby cutting out the publisher. 😂

SAI

False news

techinsider that's good 'news' but still 'news'

Seems to have done pretty well getting rid of truth and political lies LMAO finkd doesn't give a shite so long as the dollars keep rolling in and he's on Old Mc realDonaldTrump's list for the congressional medal or some othe honour

BIUK If they can get rid of news, then why can't they get rid of scammers and extreme views?

techinsider I hardly use my account. Quite honestly, I’m on track to delete my FB account. Too little too late, he’s tone deaf and by some estimates a Trump apologist.

zipillinois “News”

Do it and make sure to have a team of people who takes the fake news 👌

Please do

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