January 21, 2021 11:02
Facebook has confirmed it is “prioritis[ing] other countries for investment until we understand the impact” of the News Media Bargaining Code, and will not roll out Facebook News in this market unless the legislation is changed.
In a blog post published this morning, on the company’s website the social media platform’s local managing director, Will Easton, claimed that, in its current form, the proposed law could “expose Facebook to more than 1,000 standalone commercial arrangements”.
Will Easton
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“No other business is forced into a highly uncertain binding arbitration process where the government decides who enters these agreements and forces payment from the provider of a free service.”