(Photo by Chip Somodevilla/Getty Images) Getty ImagesFacebook is turning off the news on its core app in Australia. While Facebook has an iron grip on the Australian social media market, Twitter also has an opportunity to benefit from its withdrawal. They’re likely to attract everyday users looking to share stories; none of them are particularly big with mainstream publishers. “For Facebook, it doesn’t significantly move the needle,” says Daniel Ives, a Wedbush Securities analyst covering Facebook. There’s a likely reason they’re not upset: Australia represents only a small market for the massive tech firm.

Source: Forbes February 17, 2021 23:43 UTC