In a tweet, Andy Stone, head of communications, meta stated that Facebook could be “forced to consider” taking away all information from its platform “if Congress passes an ill-considered journalism bill as part of national security legislation.”
Meta says that Facebook may not be keen to put up to government-mandated negotiations that “unfairly disregard any value we provide to news outlets through increased traffic and subscriptions.”
What is Facebook’s drawback with the Journalism Competition and Preservation Act?
In the tweet, Meta says that the Act utterly fails to “recognize the key fact: publishers and broadcasters put their content on our platform themselves because it benefits their bottom line – not the other way around.” Meta says that no corporate will have to be pressured to pay for content material customers do not wish to see and that is the reason no longer a significant income. The Act, as in keeping with Facebook, if handed will set a horrible precedent for all American companies.”
The Act, as in keeping with stories, will give information publishers an edge over tech firms like Facebook and Google, that have transform a large supply of reports for lots of customers internationally. If the invoice is handed through the USA Congress, then Facebook might be made to pay for web hosting information on its platform — one thing that it’s obviously no longer happy with. Similar rules have been floated in Australia and Canada or even then Facebook threatened to take away information content material from the platform. However, in relation to Australia, Facebook banned information content material however later introduced it again when a equivalent legislation used to be amended.