About This Source - Bloomberg QuickTake: Now
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Bloomberg Quicktake: Now published this video item, entitled “Facebook Blocks News in Australia Over Law Forcing It to Pay for News” – below is their description.
Facebook Inc.’s decision to block news sharing on its Australian platform is an unprecedented show of force that escalates a legal standoff with the government and flashes a warning to regulators worldwide.
The tech giant imposed the restrictions early Thursday, an unexpected riposte to a proposed law that will force the company and Google to pay Australian publishers for news content.
Facebook’s algorithmic ambush switched off the main news source for almost one in five Australians. It also disabled — accidentally, the company said — a raft of government Facebook pages carrying public health advice on the coronavirus, warnings from the weather bureau and even the site of a children’s hospital.
Treasurer Josh Frydenberg, who just days earlier had touted the “great progress” he’d made during talks with Chief Executive Officer Mark Zuckerberg, accused Facebook of a heavy-handed attack that undermined access to credible information.
The legislation, still being debated in parliament, is aimed at compensating a local media industry that has hemorrhaged advertising revenue to digital platforms for decades. But rather than paying up, Facebook is drawing a line in the sand for fear Australia will set a precedent for global regulators.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Australia
7 Recent Items: Australia
In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.