Facebook has revealed it was working on a draft code on how to remunerate Australian newsmakers for their content when it was blindsided by the federal government’s decision to step in and make its own code.Appearing before the Senate Economics Legislation Committee on Friday, Facebook representatives told a similar tale to Google’s local managing director Mel Silva, who earlier in the day said her company was ready to provide the government with its report when it was announced a mandatory code would instead be the way forward.When directing the Australian Competition and Consumer Commission (ACCC) to develop a mandatory code of conduct to address what he referred to as the bargaining power imbalances between digital platforms and media companies, Treasurer Josh Frydenberg said progress on a voluntary code had “been very limited”. He said the government, therefore, made the decision to set in place a mandatory code of conduct.Facebook’s Australia and New Zealand public policy manager Joshua Machin said that in December 2019, the social media giant launched Facebook News within the UK, it was also about that time the company prepared a model for a possible commercial solution in Australia. Facebook, however, needed to see if that was successful… Read full this story
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