Meta, the parent company of Facebook, faces potential fines of up to $1.5bn for breaching the news media bargaining code. The company walked away from a payment-for-content deal. Assistant Trade and Manufacturing Minister Tim Ayres criticizes Meta for not supporting the Australian media landscape. A global outage on March 5th left billions disconnected, impacting Meta's finances and CEO Mark Zuckerberg's income by approximately $100 million. Australian news media may seek payment from Meta for content used to train AI. Businesses relying on social media platforms were significantly affected by the Meta platforms outage on Tuesday.
To businesses that rely on social media platforms for advertising, client communication or direct sales, Tuesday's Meta platforms outage was more than a communal inconvenience. https://t.co/ZLx6hkdaDy
Australian news media could seek payment from Meta for content used to train AI https://t.co/DL4Gvz1TxY
Meta's global outage on March 5th left billions disconnected, impacting its finances and CEO Mark Zuckerberg's income by approximately $100 million. The outage, lasting 2 hours, paralleled the 2021 glitch but raised speculation due to its proximity to the EU's Digital Markets Act… https://t.co/rr6B7HttCY
Assistant Trade and Manufacturing Minister Tim Ayres says Meta “can’t bludge off” the Australian media landscape. https://t.co/T2OqZZcgbt
Meta, the parent company of Facebook, could potentially face fines of up to $1.5bn if it is found to have breached the news media bargaining code. Last Friday, Meta announced it was walking away from the payment-for-content deal. Read on: https://t.co/SECuBfET6R https://t.co/iD8V5UGIla