You are here: Home » International » News » Companies
Business Standard

Unfriended by Facebook, Oz reaches out to India, friends around the globe

Social media giant faces backlash over its bid to 'bully' Australia; UK expresses concern

Facebook | Australia | Social Media


The issue of how to fairly compensate news providers is a thorny challenge given an online community accustomed to free content

Facebook’s dramatic move to block Australian news sharing escalated a broader battle against global regulation. That gambit looks likely to backfire.

World leaders were already watching Australian legislation expected to pass next week that will force tech titans and Alphabet Inc.’s Google to pay publishers for news content. But this week’s abrupt news blackout forced the issue onto the agenda of governments whose regulators are already ramping up scrutiny of the growing influence of and its ilk in spheres from media to artificial intelligence.

“There is a lot of world interest in what is doing,” Prime Minister Scott Morrison said on Friday, adding that he discussed with Indian Prime Minister Narendra Modi, Canadian leader Justin Trudeau, French President Emmanuel Macron and the U.K.’s Boris Johnson. “They’re already going down this path.”

The issue of how to fairly compensate news providers is a thorny challenge given an online community accustomed to free content. Still, the push to redress the monopoly-like power of these platforms appears to be gaining momentum.

“The dominance of a handful of gatekeepers online has wreaked havoc on competition, suppressed innovation, and weakened entrepreneurship,” US Representative David Cicilline of Rhode Island said in a statement Friday. He pledged to undertake legislative reforms that “restore competition online.”

“Ultimately, we’ve got to as a government, in our country, we got to find a way of dealing with what is now a very very well established, a very important part of people's lives, which is and companies,” Foreign Office Minister of State James Cleverly told the BBC.

“We need to find ways of making sure that the commercial relationships with these big tech giants work.”

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 20 2021. 01:57 IST