Facebook says many don't visit its platform with the intention of viewing news
It also says it is 'not healthy nor sustainable' to expect two private companies to be solely responsible for solving the challenges faced by the Australian media industry. The federal government is hoping to make tech giants such as Facebook and Google pay for Australian content if it is a source of profit, and the country's consumer watchdog is leading the charge on a mandatory code of conduct to address "bargaining power imbalances" between news media businesses and digital platforms. While Facebook doesn't agree that it possesses unequal bargaining power compared to some of the largest media companies in Australia, it said there is a level of merit in setting regulatory frameworks to provide confidence that it is contributing "appropriately" in the Australian news ecosystem. The social media giant used its submission to the Australian Competition and Consumer Commission's (ACCC) Mandatory news media bargaining code Concepts paper to say i...