By: The Hill
February 24, 2020
Facebook and Australia’s eleventh-hour agreement Monday letting users resume sharing news links on the platform is being closely watched by regulators around the world as a possible model for requiring the social media giant to pay for news content on its site.
The relationship between the power of tech platforms and the steep decline in news media revenue has become a key issue for lawmakers in the U.S. and abroad, with many proposing changes that would strike at the digital ad market dominance of social media firms.
Lawmakers and regulators alike are now keeping a close eye on how things pan out in Australia, the first major economy to force the news payment issue with Facebook.