1/

πŸ‡¦πŸ‡Ί
So there has been a few interesting stories coming out today regarding Big Tech companies, news, and Australia.

Like Facebook blocking ALL news in Australia.

Facebook blocks Australian users and publishers from viewing or sharing news theguardian.com/australia-news…
2/

And News Corp announcing that it signed a global 3-year deal w/ Google for use of its news content.

So what's up?πŸ€”

Rupert Murdoch’s News Corp signs global news deal w/ Google
smh.com.au/business/compa…
3/

🧐
February 15, 2021

"The Australian parliament is poised to pass a media law that would make Google & Facebook pay news publishers for displaying their content."

Google & Facebook: the landmark Australian law that will make them pay for news content
theguardian.com/technology/202…
4/

πŸ’°
"Regulation was needed to ensure journalism was properly funded after the digital behemoths took the lion’s share of *advertising revenue* away from traditional media: for every $100 of online advertising spend, $53 goes to Google, $28 to Facebook & $19 to everyone else." Image
5/

πŸ‡¬πŸ‡§
In December, Facebook announced that UK outlets would get paid for content in 2021.

December 1, 2020

Facebook News will pay UK outlets for content in 2021
bbc.com/news/technolog…
6/

πŸ‡ΊπŸ‡Έ
Facebook and Google are deservedly under intense scrutiny from Western governments because they have an outsized impact on the flow of information to the public.

7/

Having a monopoly regarding "the control of the flow of information" is no joke.

8/

Local news has been getting snuffed out. Less diversity, less in-depth investigating, etc.

9/

It's pretty clear these Big Tech companies are going to be going through some things.

10/

They aren't going to be happy about.

11/

People don't think of Murdoch as being involved in the social media arena, but he was.

13/

So it looks like Facebook and Google have taken two different approaches in Australia.

Facebook = Fine, we won't allow ANY news unless we get our way.

Google = OK we'll pay, but we'll still have control by choosing who we make these "news" deals with. ImageImageImage
14/

πŸ‡¦πŸ‡Ί
β€œFacebook’s actions were unnecessary. They were heavy-handed and they will damage its reputation here in Australia,” Frydenberg said on Thursday.

'Facebook was wrong': Australia's treasurer slams social media giant's move to block news
cnb.cx/3uarvdC
16/

[See above in threadπŸ‘† .]

πŸ‡¦πŸ‡Ί
"Facebook is trying to exert its *monopoly power* in Australia, by restricting publishers from posting content on Facebook Pages..."

Facebook's move to restrict Australian publishers was a 'nuclear option,' expert says
cnb.cx/3aAwOeF
17/

πŸ‡¨πŸ‡¦
Canada vows to be next country to make Facebook pay for news cbc.ca/news/politics/…
18/

πŸ‡³πŸ‡Ώ
"A decision by Facebook to restrict Australian users from sharing or accessing news on the social media platform could happen in New Zealand, media experts say."

Facebook blackout could happen in New Zealand, experts say stuff.co.nz/business/indus…

β€’ β€’ β€’

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More from @sisu_sanity

20 Feb
1/

🧐
Check out history of this jet and owners.

"Lawsuits and controversy seem to follow this airframe wherever it goes."

πŸ‡±πŸ‡ΎπŸ‡«πŸ‡·βœˆοΈπŸ’°πŸ”₯
Why Gadhafi's private jet is gathering dust on a French airfield
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πŸ‡§πŸ‡³βœˆοΈ
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πŸ’°πŸ‡§πŸ‡³πŸ‡¬πŸ‡§
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Related case.

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18 Feb
🧐
Judge rebukes preeminent [Manhattan] US attorney's office and urges DOJ review of sanctions case given 'systemic nature' of errors and misconduct
cnn.com/2021/02/17/pol…
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"The decision is a black eye for the Manhattan U.S. Attorney’s office, long known for the quality of its lawyers, its independence...and prosecution of high-profile cases."

NY judge blasts prosecutors' conduct in Iran sanctions case
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"Thirty-six co-defendants have been charged and convicted for their roles in the conspiracy."

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3 Feb
1/

This whole thing is SO shady for so many reasons.

GameStop shares continue their rapid fall back toward earth, along with AMC Entertainment and Express bloomberg.com/news/articles/…
2/

A Reddit forum has played a big part in this.

Let's start there.

How r/WallStreetBets gamed the stock of GameStop theverge.com/22251427/reddi…
3/

πŸ‡¨πŸ‡³
February 2019

"Chinese tech giant Tencent now plans to lead a new Series D funding round for Reddit, the social news forum plagued by controversy over the past decade."

Tencent Buys Stake In Another U.S. Social Network -- Reddit fool.com/investing/2019…
Read 29 tweets

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