Facebook has been moving away from news for years, and users are turning elsewhere to consume news content
Facebook and Google could not have reacted more differently to Australia’s move to make them pay for news content. They both started from combative positions, but as the new media code drew closer to reality, Google lowered its fists, while Facebook went straight for the head.
Facebook’s dramatic use of its might to try coerce a government – it reversed its news ban in Australia on Tuesday after obtaining a few last-minute concessions – only reinforce growing concerns that the social media giant is too big, too powerful and needs to be reined in. Given several countries have signalled pursuing similar legislation, the global chain reaction of regulation Facebook sought to fend off might actually have been accelerated courtesy of its abrupt behaviour in Australia.
Source: theguardian.com