Facebook moved to lift a contentious ban on Australian news Tuesday, after a last-gasp deal on landmark rules requiring tech giants to pay media companies.
Australia's Treasurer Josh Frydenberg announced a face-saving compromise, that will see Google and Facebook plunge tens of millions of dollars into the struggling local news sector.
The US digital firms will, for now, avoid being subjected to mandatory payments that could cost them vastly more and create what they see as an alarming global prescient.
"As a result of these changes, we can now work to further our investment in public interest journalism, and restore news on Facebook for Australians in the coming days," said Will Easton, managing director of Facebook Australia.
The social media firm sparked global outrage last week by blacking out news for its Australian users and inadvertently blocking a series ...
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