‘Grossly unfair’: Meta slams Australia’s bid to make platforms pay for news
Summary
Meta, the company behind Facebook and Instagram, criticized Australia’s new plan to make digital platforms pay news companies. Meta said the plan is unfair and might stop news outlets from changing how they do business to stay strong in the future.Key Facts
- Australia plans to make big digital platforms pay a fee based on their Australian revenue if they don’t pay news companies directly.
- The fee would be 2.25% of revenue but could drop to about 1.5% if platforms make enough payment deals with news outlets.
- Money from the fee will be shared among news companies depending on how many journalists they have.
- The plan targets companies like Meta, Google, and TikTok, but not AI companies like OpenAI.
- Meta says the plan protects news outlets from having to adapt and compete fairly.
- Meta also claims the plan breaks trade rules between Australia and the US.
- The Australian government expects the plan to raise around A$200-250 million (about US$143-178 million) to support local media.
- Australia’s media has lost many jobs in recent years due to falling advertising money.
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