The legislation was watered down, however, at the last minute after a standoff between the government and Facebook culminated in the social media company blocking all news for Australian users.
Some lawmakers and publishers have warned that could unfairly leave smaller media companies out in the cold, but both the government and Facebook have claimed the revised legislation as a win.Article content The progress of the legislation has been closely watched around the world as countries including Canada and Britain consider similar steps to rein in the dominant tech platforms.
The legislation does not specifically name Facebook or Google. Frydenberg said earlier this week he will wait for the tech giants to strike commercial deals with media companies before deciding whether to compel both to do so under the new law.
Why does Facebook exist? The only reason is MONEY.
Not sure how i feel about this. Facebook & Google offer a lot of exposure to these news companies they wouldn't otherwise receive without the platforms. Although i appreciate what the legislation is trying to do, i think its missing the mark.
game on
Australians that use Google and Facebook are going to get the most skewed version of the news now - only the items those companies deem worthy of payment.