According to recent reports, an Australian law gave the government the liberty to make the most popular companies in the world, Facebook and Google negotiate content supply deals have been a success according to a government report. Read the entire article to learn more about this news piece.
About the report
“At least some of these agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations,” said the report. “While views on the success or otherwise of the Code will invariably differ, we consider it is reasonable to conclude that the Code has been a success to date.”
But it did note the law lacked “a formal mechanism to extend the Code to other platforms”, and suggested the government order the competition regulator, which led to the design of the law, to “prepare reports on this question”.
Meta is the parent company of Facebook and also owns Instagram and Whatsapp. The purpose of Meta is to help people connect with other irrespective of their physical connection at that point of time. It wants to reduce the distance between people through its services so that people have the chance to build meaningful relations without facing any trouble. The company aims to advance the digital world upto a level that people can build their network without having to meet in person. the company is headed by Mark Zuckerberg currently.