Government of Australia has ordered Facebook Inc. and Alphabet Inc.’s Google to share revenue generated from news articles, adding to growing global regulatory and political pushback against the digital giants. Bloomberg reports that the two companies will have to negotiate with traditional media on remuneration in good faith, Treasurer Josh Frydenberg said Friday. It follows measures elsewhere in the world, including in France where antitrust regulator in April ordered Google to pay media companies to display snippets of articles. Smaller businesses, like regional and rural newspapers, will be allowed to collectively bargain with digital platforms. Google and Facebook would be required to give 28 days’ notice of algorithm changes likely to impact traffic or the ranking of news behind paywalls.

Source: Nigerian Tribune July 31, 2020 08:26 UTC