Australia Vs. Alphabet And Facebook: David Vs. Twin Goliaths [Seeking Alpha]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
SummaryThe Australian Federal Treasurer has announced plans to take on the tech titans, Google and Facebook, to force them to pay Australian media companies for publishing their stories.Australia has a strong free enterprise political system where the will of the people matters. A strong, diverse, and independent media is highly valued.COVID-19 has brought a sense of urgency to the Australian government's plans to ensure media organizations are compensated for content by the tech giants, to ensure their ongoing viability.If Australia can find a way to enforce these proposals, the way for success in other jurisdictions will likely be opened up.It can be argued this might not be all bad for the tech giants, who do rely heavily on third-party content providers, and thus for their own prosperity.Investment Theses: Alphabet And FacebookThe key test I'm looking at in reviewing investment opportunities at present is the ability of corporations to survive through this COVID-19 pandemic and re
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