Facebook Cuts Off News in Australia; Google to Pay News Corp.

The transcript discusses Facebook's decision to restrict news sharing in Australia following proposed legislation. Facebook argues that news content provides minimal economic gain and that their business model differs from Google's. Meanwhile, Google is negotiating deals with publishers to compensate them. The Australian government is in talks with Facebook to find a resolution, while Google has already made agreements with News Corp and other publishers.

What were the implications of Facebook's actions for content sharing in Australia?

How did Facebook's approach differ from Google's regarding the proposed legislation?

What reasons did Facebook provide for stopping news sharing?

What was the outcome of the talks between Australian treasurer Josh Frydenberg and Facebook's CEO?

What details are known about the deal between Google and News Corp?