Tag Archives: Facebook

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. CANBERRA – Australia will not alter legislation that would make Facebook and Alphabet Inc’s Google pay news outlets for content, a senior lawmaker said on Monday, as Canberra neared a final vote on whether to pass the bill into law. Ticker Security Last Change Change % FB FACEBOOK INC. 260.33 -1.23 -0.47% GOOG ALPHABET INC. 2,064.88 -36.26 -1.73% Australia and the tech giants have been in a stand-off over the… Source link

By Colin Packham, Byron Kaye CANBERRA (Reuters) – Facebook said on Tuesday it will restore Australian news pages after negotiating changes with the government to a proposed law that forces tech giants to pay for media content displayed on their platforms. FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed Australia’s flag in this illustration photo taken February 18, 2021. REUTERS/Dado Ruvic/Illustration Australia and the social media group have been locked in a standoff for… Source link

FILE PHOTO: Google and Facebook logos and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/Illustration CANBERRA (Reuters) – Australia’s lawmakers on Tuesday inched closer to passing landmark laws that would force Facebook Inc and Alphabet Inc’s Google to pay news outlets for content and could set a precedent for tighter regulation in other nations. The country is on course to become the first to introduce laws that challenge big technology… Source link

Digital platforms like Facebook and Google give us easy access to media and information. But our collective dependence on these tech giants could in the long run reduce the quality of journalism, making us all worse off. The tension between convenience for readers and funding for journalism has been highlighted by Facebook’s recent move to block news in Australia rather than pay media companies under new regulations. Situations like this, where each individual acts in their own best… Source link

CANBERRA (Reuters) – Australia will not alter legislation that would make Facebook and Alphabet Inc’s Google pay news outlets for content, a senior lawmaker said on Monday, as Canberra neared a final vote on whether to pass the bill into law. FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed Australia’s flag in this illustration photo taken February 18, 2021. REUTERS/Dado Ruvic/Illustration Australia and the tech giants have been in a stand-off over the legislation widely… Source link

Lawmakers in Congress are drafting a bill that would let news publishers team up against Facebook and Google. The House Judiciary Committee plans to roll out legislation in the coming weeks to allow small US news organizations to collectively bargain with the two tech titans, according to Rep. Ken Buck (R-Colo.), the panel’s top Republican. The bill would add to the growing regulatory pressure on Facebook and Google, which have been accused of putting news… Source link

BEIJING — For two decades, global news outlets have complained internet companies are getting rich at their expense, selling advertising linked to their reports without sharing revenue. Now, Australia is joining France and other governments in pushing Google, Facebook and other internet giants to pay. That might channel more money to a news industry that is… Source link

Maryland’s first-in-the-nation law taxing digital advertising by Big Tech companies like Facebook and Google is being challenged in federal court as “a punitive assault” on digital advertising and should be struck down, according to a federal lawsuit filed Thursday by leading trade associations. The lawsuit, filed in U.S. District Court in Baltimore, contends the law “is illegal in myriad ways.” It alleges the law violates the federal Internet Tax Freedom Act, which prohibits… Source link

By Diane Bartz, Helen Coster WASHINGTON (Reuters) – Bipartisan members of Congress plan to introduce a bill in coming weeks to make it easier for smaller news organizations to negotiate with Big Tech platforms, said Rep. Ken Buck, the top Republican on the House Judiciary Committee’s antitrust panel. The U.S. bill would be introduced at a time when Australia is in a pitched battle with Facebook. The social media giant blocked news feeds and other pages – including those of charities, and… Source link

By Diane Bartz, Helen Coster WASHINGTON (Reuters) – Bipartisan members of Congress plan to introduce a bill in coming weeks to make it easier for smaller news organizations to negotiate with Big Tech platforms, said Rep. Ken Buck, the top Republican on the House Judiciary Committee’s antitrust panel. The U.S. bill would be introduced at a time when Australia is in a pitched battle with Facebook. The social media giant blocked news feeds and other pages – including those of charities, and… Source link