In the face of an Australian bill that would force it to pay publishers for the news content that surfaces on its platform, Facebook last week made a dramatic move: On Wednesday night, it pulled all news from its platform Down Under. After several days of discussion between Facebook CEO Mark Zuckerberg and Australia's treasurer Josh Frydenberg, the social media giant on Monday committed to end the standoff and bring news back to its platform.
"The government has been advised by Facebook that it intends to restore Australian news pages in the coming days," Frydenberg said in a statement Monday.
Facebook will bring news back to Australia not out of generosity, but rather because it says it got sufficient concessions from the government. Frydenberg and Australian Communications Minister Paul Fletcher pledged to make changes to the News Media Bargaining Code, the contentious bill in question, which ...
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