Facebook Blocks News in Australia Over Law Forcing It to Pay for News
Published Date: 2/18/2021
Source: Bloomberg Quicktake: Now
Facebook Inc.’s decision to block news sharing on its Australian platform is an unprecedented show of force that escalates a legal standoff with the government and flashes a warning to regulators worldwide. The tech giant imposed the restrictions early Thursday, an unexpected riposte to a proposed law that will force the company and Google to pay Australian publishers for news content. Facebook’s algorithmic ambush switched off the main news source for almost one in five Australians. It also disabled -- accidentally, the company said -- a raft of government Facebook pages carrying public health advice on the coronavirus, warnings from the weather bureau and even the site of a children’s hospital. Treasurer Josh Frydenberg, who just days earlier had touted the “great progress” he’d made during talks with Chief Executive Officer Mark Zuckerberg, accused Facebook of a heavy-handed attack that undermined access to credible information. The legislation, still being debated in parliament, is aimed at compensating a local media industry that has hemorrhaged advertising revenue to digital platforms for decades. But rather than paying up, Facebook is drawing a line in the sand for fear Australia will set a precedent for global regulators. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake