Facebook said will invest $1 billion in the global news industry over the next three years but came out swinging Wednesday over its news blackout of Australia, which it reversed yesterday after Aussie lawmakers agreed to modify a proposed law.In a blog post entitled The Real Story of What Happened With News on Facebook in Australia, VP of Global Affairs Nick Clegg blamed media conglomerates for trying to squeeze on Facebook to make up for losses created by the shift of advertising from print to digital that disrupted the economics of the news business. (Facebook, Google and Amazon make up about two-thirds of total U.S.
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