Facebook ‘prioritis[ing] other countries for investment’ unless code is changed

Facebook has confirmed it is “prioritis[ing] other countries for investment until we understand the impact” of the News Media Bargaining Code, and will not roll out Facebook News in this market unless the legislation is changed.

In a blog post published this morning,  on the company’s website the social media platform’s local managing director, Will Easton, claimed that, in its current form, the proposed law could “expose Facebook to more than 1,000 standalone commercial arrangements”.

Will Easton