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-0.000280159130385964 -0.000952541043312532 0.000504286434694926 0.0014007956519303 0.00224127304308851 0.00756429652042373 0.00717207373788312 0.00833361349246375
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Australia Moves to Force Google and Facebook to Compensate Media Outlets [The New York Times]

Meta Platforms, Inc. - Class A (FB) 
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MELBOURNE, Australia — The Australian government said on Monday that Google and Facebook would have to pay media outlets for news content in the country, part of an emerging global effort to rescue local publishers by moving to compel tech giants to share their advertising revenue.The decision to mandate compensation for news articles displayed on Facebook pages or in Google search results — important drivers of traffic for those platforms — comes as the coronavirus pandemic accelerates years of advertising losses at media outlets large and small.In the United States, regional publishershave cut staffs that were already diminishedThe Los Angeles Times have announcedsuspended printing“We can’t deny the importance of creating a level playing field, ensuring a fair go for companies and the appropriate compensation for content,” Josh Frydenberg, the country’s treasurer, told the Australian Broadcasting Corporation, the public broadcaster, on Monday.He said that the government had decided Show less Read more
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