Facebook: ‘We’re going to invest $ 1 billion in news organizations’

Topman Nick Clegg Writes “It is always a lie to say that Facebook steals original magazine products for its own profit.” He points to a fight with the Australian government that prevented it from being shared on the Australian news platform last week.

This weekend, after further negotiations, it was announced that Facebook would allow messages back to Australia.

Problems arose between Facebook and Australia because the Australian bill would have to pay to post content from news sites on social media sites. The country hopes to protect the press in this way.

According to Clegg, investments are an “alternative approach” to the same problem. The company has been following the $ 600 million it has invested in news since 2018. Clegg cites Facebook’s deals with The Guardian, Financial Times and several news organizations.

‘Magazine earns more from us’

Click’s words have been in line with what Facebook has been holding for some time. According to Facebook, news organizations earn more from its site than any other way.

“There are reasonable concerns about the size and power of technology companies,” Clegg writes. “But the Internet needs new rules that work for everyone, not just the big media companies.”

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