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Old 23rd February 2021, 05:06 AM   #212
psionl0
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Facebook is now reportedly making deals with the media organizations in the wake of promised changes to government legislation.
Quote:
Facebook will walk back its block on Australian users sharing news on its site after the government agreed to make amendments to the proposed media bargaining laws that would force major tech giants to pay news outlets for their content.

It follows days of negotiations between the government and the social media company, including discussions between Treasurer Josh Frydenberg and Facebook boss Mark Zuckerberg.
Quote:
The amendments to the code include a range of changes, including that final offer arbitration something both Google and Facebook were strongly opposed to is considered "a last resort where commercial deals cannot be reached by requiring mediation, in good faith, to occur prior to arbitration for no longer than two months".
Quote:
The Treasurer will also have to give advance notice to a platform if it is going to be "designated" or included under the code, and also has to take into account any deals the company has done.
https://www.abc.net.au/news/2021-02-...-code/13173984
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975
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