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Facebook says it will pay news industry $1B over 3 years

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Re: Facebook says it will pay news industry $1B over 3 years

#41

Post by framilisandro »

sircastor wrote: post #20

I don’t like Facebook, and I think the way it abuses its position is awful, but I don’t understand the position of the news industry or the judiciary supporting the industry. If I were to stand on a corner and tell people what was on the menu and the daily special of a cafe down the block, I cannot think of a situation where that cafe would think they were owed money for my doing this. I understand that Facebook and…

Facebook now is full of uncontrol advertisements and trash I don't like it either Any suggestion of a better social network?

Re: Facebook says it will pay news industry $1B over 3 years

#42

Post by seanmcdirmid »

harikb wrote: post #37
jedberg wrote: post #29

Earlier quoted context omitted.

Your analogy isn't quite right. More like this: There are a bunch of stores in your area that offer free samples. You open your own store where people can tell you what stores they like, you go and grab the free sample, and then give the sample out at your store for free in exchange for there person's email and phone number and filing out a survey on which samples they like. Then you tell them where the sample came f…

I thought news sites maintained their own pages and followers on Facebook. How does your analogy account for that?

Maybe it is kind of like those people that hand out free samples at Costco, they are contracted by the product vendor, but some people think Costco should be paying for all those free samples because those samples draw traffic to their store.

Or something like that.

Re: Facebook says it will pay news industry $1B over 3 years

#43

Post by asymptosis »

bdcravens wrote: post #36
joering2 wrote: post #21

Earlier quoted context omitted.

He is coming for USA?? This is like 10 years old news. He is destroying American at least since the first Obama term. Just turn at any time see the hate they spew. You have to be blind or brainwashed by FN not to see these people agenda is to divide America from within.

I don't think the comment you're replying to was talking about a political agenda, but rather, replicating the financial rewards they received in Australia: "The announcement comes days after the tech giant struck a deal with Australian lawmakers to pay local publishers for their news content"

I had in mind that the political power and monetary kickbacks go hand-in-hand. Yes, it is probably widely acknowledged across USA that Murdoch wants more political power over there. But what we've seen here is what he does when he gets that power. It doesn't sit idle.

He has demonstrated that with his political power in Australia, he can make Facebook bend the knee within Australia. And once he has completed his control over USA politics, he'll make the big tech companies bend the knee over there too.

A billion dollars changing hand is just cosmetic to these guys. What has been displayed is a flex of power.

Re: Facebook says it will pay news industry $1B over 3 years

#44

Post by shanecp »

asymptosis wrote: post #9

So Murdoch's empire gets propped up to the tune of over $300 million per year and needs nothing in exchange except keep sending traffic to his sites. Bad news for Australia for starters, but don't think Murdoch will be content just with drinking our blood. He's coming for USA and UK too, and now he has a tested playbook for getting Facebook & Friends on the leash.

Murdoch has now practically purchased the Australian Government, Google and Facebook.

I wouldn't be surprised if the talks behind the scenes were 'if you want to hear anything good from news about Facebook, just pay us'.

So much for the 'trust' in any one of them.

Re: Facebook says it will pay news industry $1B over 3 years

#45

Post by jbob2000 »

jedberg wrote: post #29
sircastor wrote: post #20

I don’t like Facebook, and I think the way it abuses its position is awful, but I don’t understand the position of the news industry or the judiciary supporting the industry. If I were to stand on a corner and tell people what was on the menu and the daily special of a cafe down the block, I cannot think of a situation where that cafe would think they were owed money for my doing this. I understand that Facebook and…

Your analogy isn't quite right. More like this: There are a bunch of stores in your area that offer free samples. You open your own store where people can tell you what stores they like, you go and grab the free sample, and then give the sample out at your store for free in exchange for there person's email and phone number and filing out a survey on which samples they like. Then you tell them where the sample came f…

This analogy doesn't work because information is not a limited commodity. Once you've "printed" the news, its value drops to 0. This isn't the old days where you had to physically print 1,000,000 papers if you wanted the message to get to 1,000,000 people. You can "print" the news once now, and EVERYONE can see it.

Re: Facebook says it will pay news industry $1B over 3 years

#46

Post by asymptosis »

joering2 wrote: post #21
asymptosis wrote: post #9

So Murdoch's empire gets propped up to the tune of over $300 million per year and needs nothing in exchange except keep sending traffic to his sites. Bad news for Australia for starters, but don't think Murdoch will be content just with drinking our blood. He's coming for USA and UK too, and now he has a tested playbook for getting Facebook & Friends on the leash.

He is coming for USA?? This is like 10 years old news. He is destroying American at least since the first Obama term. Just turn at any time see the hate they spew. You have to be blind or brainwashed by FN not to see these people agenda is to divide America from within.

I hear you, and I understand a lot of people in USA have had concerns about Murdoch for a long time. What I particularly have in mind though is that this whole Facebook thing seems like it was Murdoch trying out a new playbook for bringing big tech to heel.

And the first round of testing has been a resounding success from the Murdoch point of view.

Re: Facebook says it will pay news industry $1B over 3 years

#47

Post by shanecp »

catmanjan wrote: post #31
cevered wrote: post #28

Who decides who gets subsidized by facebook or not? Seems like the government wants their propaganda subsidized

Probably, Facebook pays zero tax in Australia, and I'm sure the government will be taxing this tithe...

That assumption is incorrect. They already pay taxes, both directly and indirectly (collected from people as GST).

Re: Facebook says it will pay news industry $1B over 3 years

#49

Post by mythz »

codebook wrote: post #14

Then if any news refer FB content, will they also give money to them?

Lots of news organizations voluntarily re-post their content on their Facebook news channel, so FB were hosting it as well, although it's currently been disabled due to this law.

Re: Facebook says it will pay news industry $1B over 3 years

#50

Post by shanecp »

This is a very (bad) political strategy, well played by Murdoch. To get some insight, read Bob Iger's (Disney ex-CEO) book. He explains how Murdoch was worried about the rising tech-giants, how news is losing edge and his decision to sell to Disney.

The sale to Disney happened as a direct result of Murdoch seeing the threat (i.e people moving away from news).

Unfortunately for Australia, they cover over 50% of media, and can get the Government to do what they want.

To know more about the logical side, see the ex-Prime Minister's Senate hearing. This had the most amount of signatures in the history of Australia, yet, unfortunately, it'll not reach anywhere.

https://www.youtube.com/watch?v=Ap_LuSQ5NSc

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