The Australian Parliament passed legislation that
will force technology companies (CNBC) to pay media outlets for content the companies feature in their news feeds and search results. Social media giant Facebook had strongly opposed the law, banning users in Australia from sharing news stories and blocking content from Australian media companies globally last week. It reversed that decision on Monday in return for amendments to the legislation. However, the company said yesterday that it
could block news (ABC) in Australia in the future.
The law has big implications for U.S. technology firms. Other countries,
including Canada (CNN), could soon follow Australia’s lead. Meanwhile, the United Kingdom
plans to launch (Bloomberg) antitrust investigations into Facebook’s practices, and leaders from Facebook, Twitter, and Google’s parent company, Alphabet, will face U.S. lawmakers next month to discuss their companies’ roles in misinformation.