Facebook pledges to invest $1 billion in news after Australia standoff ends
Facebook is defending its stance in australia saying that it has invested six hundred million dollars just since two thousand eighteen to support the news industry globally and it plans to spend at least a billion dollars or more over the next three years going forward quoting facebook's nick clegg the assertions repeated widely in recent days that facebook steals or takes original journalism for its own benefit always were and remain false. We neither take nor ask for the content for which we were being asked to pay a potentially exorbitant price. In fact newslink's are a small part of the experience. Most users have on facebook fewer than one post in every twenty-five five in your news feed will contain a link to a new story and many user say they would like to see even less news and political content. As tim burners lee the inventor of the world wide web warned. The australian law could make the internet as we know it unworkable. Arguing that it quote risks breaching a fundamental principle of the web by requiring payment for linking between certain content online and quote. Facebook is more than willing to partner with news. Publishers absolutely recognized quality. Journalism is at the heart of how open societies function informing and empowering citizens and holding the powerful to account.