Australia passes world-first law forcing Facebook, Google to pay for news

Source: South China Morning PostAustralia’s parliament passed a world-first law to force digital giants such as Facebook and Google to pay local publishers for news content – a move that may unleash more global regulatory action to limit their power.The legislation was passed on Thursday and will ensure “news media businesses are fairly remunerated for the content they generate”, Treasurer Josh Frydenberg said in a statement.“The code is a significant microeconomic reform, one that has drawn the eyes of the world on the…Read More

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