This week Australia's government passed a law this week that offered a glimpse at the future for Facebook and media consumers around the world. The News Media Bargaining Code, passed Wednesday, effectively forces big tech platforms to pay publishers for news content. Rod Sims, the competition regulator who wrote the law, celebrated it as a move that will "address the market power that clearly Google and Facebook have." One of the biggest proponents of the law is Rupert Murdoch's News Corp, which lobbied for political action against Big Tech for years. Other big media outlets in Australia will be getting checks from Facebook, too.

Source: CNN February 27, 2021 17:26 UTC