Facebook’s botched takedown of content publishers yesterday will likely have serious reputational and commercial consequences for the social media platform, says UNSW Business School’s Rob Nicholls.
Facebook says it will ban publishers and people in Australia from sharing local and international news on Facebook and Instagram if a proposal to force tech giants to pay for news becomes law.
As news media revenues tumble still further amid the COVID-19 recession, the government has pledged mandatory rules to force tech giants to pay for using news content.
The ACCC's inquiry was launched to address concerns about the market power of major digital platforms, such as Google and Facebook, and their impact on Australia's businesses and media.
The Australian Competition and Consumer Commission says the sheer dominance of Google and Facebook has distorted other businesses' ability to compete on their own merits.
It probably won't surprise you that if you ask Alexa to give you the best price on a product, the assistant will usually direct you to what's available on Amazon.
