Facebook ‘re-friends’ Australia, reversing news ban after government amends proposed media code

Feb 23, 2021 | INVESTING

Australia and Facebook on Tuesday struck a last-ditch compromise to allow the social media giant to demonstrate its support for journalism before being forced to pay for news content, ending a stand-off that focused global attention on the regulation of big tech.Treasurer Josh Frydenberg and communications minister Paul Fletcher announced amendments to the country’s proposed media bargaining code in a face-saving deal that will see Facebook reverse a controversial ban on news content in…

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