The tech giant said on May 31 that if the “Press Preservation Act” is passed, the company will be forced to remove news links posted on Facebook and Instagram, instead of agreeing to pay publishers the fees required by the bill.
Meta’s stance reflects a tough response to a wave of calls for social media companies to negotiate with news organizations over the content they share on their platforms, which has come as traditional news publishers have lost a significant source of advertising revenue to tech companies like Facebook and Google in recent years.
As a result, media advocates have pushed for legislation that would force Silicon Valley giants to share more revenue with publishers, arguing that the companies are profiting from content that news organizations pay to produce.
Meanwhile, tech companies have opposed such proposals, arguing that the value the platforms create for news organizations when they become a channel for distributing content needs to be taken into account.
Similar bills are also being considered in other parts of the world , such as Canada and Australia, where regulations have been passed into law and tech companies like Meta and Google are forced to pay around $130 million a year to news outlets.
California’s bill would require tech companies to pay a “press usage fee” whenever they run ads alongside news content, while publishers would have to give the bulk of the money they receive to reporters and journalists.
(According to Washington Post)
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