MOSCOW (Sputnik) – Facebook rejected on Monday sharing advertising revenues with Australian news media after the local competition watchdog accused it of unfairly dominating the market.
The US social media giant said in a response to the Australian Competition and Consumer Commission, which has been working on a code of conduct in a bid to force Facebook and Google to share revenues generated by news published on their platforms, that it would consider scrapping the news feed if the new rules were adopted.
Facebook argued that the absence of news from its services would primarily hurt news publishers that would lose the opportunity to reach out to a wider audience. It also accused the Australian regulator of targeting US businesses.
Sourse: sputniknews.com
