After Meta signals end to publisher payouts, Australia plots Big Tech news tax | TechCrunch
News Source : TechCrunch
News Summary
- The Australian government is set to introduce a news tax on social media and search engines
- The measure would force them to pay for news if local revenues exceed $250 million per year
- The News Media Bargaining Code forced Big Tech to cut deals with local news outlets
- But Meta has since moved away from promoting news on its platforms globally
A few years ago, Australia passed legislation requiring platform giants including Facebookowner Meta and YouTubes parent Google to negotiate with news publishers to pay for journalism reshares. The [+820 chars]
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