Patrick Frater Asia Bureau ChiefSocial media giant, Facebook says that it would rather cut people’s access to news in Australia than comply with the country’s proposed law which would make it pay local news publishers.On Tuesday local time Facebook said that it would stop allowing news publishers and individuals in Australia from sharing local and international news via Facebook and Instagram.The announcement comes a month after Australia put forward its “Draft Mandatory Code of Conduct Governing Digital Platforms and Media Businesses,” and initiated a month of consultation.The code, prepared by the Australian Competition and Consumer Commission, requires technology giants such as Google and Facebook to “negotiate in good faith” payments.
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