Facebook pulled the trigger on Australian news — and shot itself in the foot
Facebook pulled the trigger on Australian news — and shot itself in the foot Why has Facebook done this? The move is either a last-ditch attempt to gain concessions in the legislation or a simple cut-and-run by Facebook. The social media giant claims news publishers derive more value from news sharing than Facebook does. This is plausible, as news content makes up only4% of sharing on the platform, whereas many news sites gain a large fraction of their traffic from Facebook referrals....