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Facebook Inc. has flashed a warning to global regulators by taking a hardball stance against Australia’s plan to force it to pay media companies for stories.
The Australian government has drafted legislation to force the U.S. tech giant and Google to compensate publishers for the value their stories generate for the platforms. Facebook lobbed a grenade on Tuesday seeking to hollow out the proposed law. If it passes, the company will block Australians and publishers from sharing news on Facebook and Instagram, an unprecedented step.
The scene is now set for an acrimonious battle after the Australian government said it
