Facebook plans $1-billion investment to support news industry

on

Facebook, following in Google’s footsteps, said it plans to invest $1 billion to “support the news industry” over the next three years.

The social networking giant, which has been tussling with Australia over a law that would make social platforms pay news organizations, said it has invested $600 million since 2018 in news.

Google said in October that it would pay publishers $1 billion over the next three years.

News companies want Google and Facebook to pay for the news that appears on their platforms. Governments in Europe and Australia are increasingly sympathetic to this point of view. The two tech companies suck up the majority of US digital advertising dollars, which — among other problems — has hurt publishers.

Facebook said on Tuesday it would lift a ban on news links in Australian after the government agreed to tweak proposed legislation that would help publishers negotiate payments with Facebook and Google. Facebook was criticized for its ban, which also temporarily cut access to government pandemic, public health and emergency services on the social networking site.

Facebook said Tuesday that the changes allow it to choose which publishers it will support and indicated that it will now start striking such deals in Australia.

Google had already been signing content licensing deals with Australian media companies, and says that it has arrangements with more than 50 publishers in the country and more than 500 globally.

There may be more such regulation in other countries. Microsoft is working with European publishers to push big tech platforms to pay for news. European Union countries are working on adopting copyright rules that allow news companies and publishers to negotiate payments.


Discover more from Current Ph

Subscribe to get the latest posts sent to your email.

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

Defunding Rail Maintenance: Keeping Today’s Trains Alive for Tomorrow’s...

One Metro Manila line still runs cars that first carried passengers in December 1999, nearly 27 years ago (DOTr, 1999). At rush hour, many...

MAS PINABILIS NA ANG PAGBIYAHE SA VICTORY LINER!

MAS PINABILIS NA ANG PAGBIYAHE SA VICTORY LINER! Mas madali at mas convenient na ang pagkuha ng bus tickets! Alamin kung paano gagawing mas mabilis at...

MC Taxi Riders Appeal to LTFRB amidst Overboarding Issue

MANILA, Philippines, October 22, 2026 — Motorcycle taxi riders are calling on the Marcos administration and transport regulatory bodies to provide those operating beyond...

China’s Wolf Warriors are Back. Beijing Should Recall Its...

China's ambassador to the Philippines has accomplished in a few sentences what years of Chinese public diplomacy have struggled to prevent: He has reinforced the perception that Beijing regards its smaller neighbors not as sovereign equals, but as countries expected to accommodate its growing military and economic power.

Beyond the 2027 Invasion Timeline: Diplomatic Isolation, Ontological Security,...

This paper challenges military-centered assessments of a possible People's Republic of China (PRC) operation against Taiwan by 2027, arguing that Beijing's calculations may depend not only on military readiness and economic costs but also on diplomatic recognition, international legitimacy, and political identity. It advances a conditional framework integrating ontological security theory, the Chinese sociological concept of mianzi (face), and recognition politics. The paper proposes that Taiwan's declining diplomatic recognition could strengthen Beijing's sovereignty narrative, create a perceived loss of face for Taiwan's governing authorities, and alter the political conditions under which Beijing considers coercive or military unification. Drawing on official PRC statements, U.S. security assessments, and international relations scholarship, the analysis develops three propositions concerning recognition, status vulnerability, and coercive decision-making. It argues that complete diplomatic isolation could represent a significant political threshold without necessarily eliminating Taiwan's international relationships or legitimizing the use of force. The paper contributes to cross-strait security studies by identifying diplomatic recognition as a potentially important condition that shapes Beijing's assessment of the political feasibility and costs of unification, beyond conventional materialist explanations.

Discover more from Current Ph

Subscribe now to keep reading and get access to the full archive.

Continue reading