Australian Regulator Calls Facebook’s Threat To Block News Sharing “Ill-Timed”
Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), said on Tuesday, September 2, that the US tech giant Facebook’s threat to block news sharing on its platforms in Australia was “ill-timed.”
On Monday, September 1, Facebook announced that it would stop Australian users from sharing news on its platform if a draft code proposed by the ACCC becomes law that would require it to pay local media companies for their content. If the law comes into force, tech giants like Facebook and Google would have three months to negotiate with Australian media outlets.
“Facebook’s threat today to prevent any sharing of news on its services in Australia is ill-timed and misconceived. The draft media bargaining code aims to ensure Australian news businesses, including independent, community and regional media, can get a seat at the table for fair negotiations with Facebook and Google,” Sims said in a statement.
The ACCC chair added that Facebook was already paying some media organizations for their content.
Featured News
US Judge Dismisses Antitrust Lawsuit Against Bayer, Corteva, and Syngenta
Sep 17, 2024 by
CPI
YouTube CEO Argues Google’s Innovation, Not Monopoly, Drove Ad Tech Success
Sep 16, 2024 by
CPI
Samsung, Xiaomi Among Smartphone Brands Allegedly Involved in eCommerce Collusion In India
Sep 16, 2024 by
CPI
Appeals Court Sides with Exxon, Chevron in Price-Fixing Lawsuit
Sep 16, 2024 by
CPI
Nvidia Faces Antitrust Lawsuit in Strategic Filing Move by Xockets Inc.
Sep 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández