• SENSEX
    NIFTY 50
Business

Australia to make Facebook, Google pay for news in world first

Updated : July 31, 2020 12:44 PM IST

For every A$100 spent on online advertising in Australia, excluding classifieds, nearly a third goes to Google and Facebook, according to Frydenberg.
The move comes as the tech giants fend off calls around the world for greater regulation, and a day after Google and Facebook took a battering for alleged abuse of market power from US lawmakers in a congressional hearing.
Australia to make Facebook, Google pay for news in world first

You May Also Like

Live TV
Advertisement