Google, Facebook Should Enable Revenue Sharing for News in India Too, After Australia Of late, the Australian government struck ...

Google, Facebook Should Enable Revenue Sharing for News in India Too, After Australia

Of late, the Australian government struck out at Facebook and Google, two of the biggest global technology giants. The national government underlined how the tech majors stand in a position where they can abuse their market power, and suggest that they take such actions in order to stifle revenue that should rightfully belong to the ones using their platform. The case in point are news publications, and the revenue commissions that Google and Facebook take from them. It is, in a way, a classic chicken-and-egg case – do publications owe Google for providing a democratic, global platform that was non-existent without them? Or, does Google owe publications for creating content that makes them who they are? Irrespective of which side of the coin you are on, the regulation in Australia does set a very important precedent that Google, Facebook and the likes can follow worldwide