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Facebook Faces Year of Reckoning After Showdown in Australia

Facebook faces a year of reckoning after its showdown in Australia

By VLAD SAVOV | Bloomberg | Published: February 24, 2021 Facebook s brief but tempestuous standoff with the Australian government over a world-first pay-for-news law is only the start of a string of regulatory battles that the world s biggest social network faces in 2021. Mark Zuckerberg started the year on the offensive, blocking news across Rupert Murdoch s home turf of Australia to fend off demands that Facebook pay media companies for content shared on its platform. On Tuesday, Zuckerberg struck a compromise after 11th-hour talks with the government on the legislation that s also aimed at Google and is expected to pass Australia s parliament this week. But a regulatory domino effect is already underway, with publishers pressuring the European Union to emulate Australia s approach.

Facebook faces year of reckoning after showdown in Australia

Facebook's showdown in Australia is first of many challenges in a year of reckoning

SHARE Facebook s brief but tempestuous standoff with the Australian government over a world-first pay-for-news law is only the start of a string of regulatory battles that the world’s biggest social network faces in 2021. Mark Zuckerberg started the year on the offensive, blocking news across Rupert Murdoch’s home turf of Australia to fend off demands that Facebook pay media companies for content shared on its platform. On Tuesday, Mr Zuckerberg struck a compromise after last-minute talks with the government on the legislation that’s also aimed at Google and is expected to pass Australia’s parliament this week. But a regulatory domino effect is already underway, with publishers pressuring the European Union to emulate Australia’s approach.

Domino effect: Facebook faces a year of reckoning

Domino effect: Facebook faces a year of reckoning We’re sorry, this service is currently unavailable. Please try again later. Dismiss By Vlad Savov Save Normal text size Advertisement Facebook’s brief but tempestuous standoff with the Australian government over a world-first pay-for-news law is only the start of a string of regulatory battles that the world’s biggest social network faces in 2021. Mark Zuckerberg started the year on the offensive, blocking news across Australia to fend off demands that Facebook pay media companies for content shared on its platform. Mark Zuckerberg’s Facebook is under global regulatory pressure. Credit:Bloomberg