I haven't followed this debate too closely but this seems pretty disingenuous. >The ACCC presumes that Facebook benefits most in its relationship with publishers, when in fact the reverse is true. News represents a fraction of what people see in their News Feed and is not a significant source of revenue for us News may not directly contribute much ad revenue but it surely is a huge driver of engagement on the website…
Facebook can remove news and it will minimally effect engagement. I wonder what happens to the publishers when they lose 2.3BN clicks.
Question is does it increase or decrease subscriptions to news sites. I can see reasons it going both ways. Lack of traffic to news sites from social decreases subscriptions. Lack of news on social forces people to seek alternatives which increase subscriptions.