Why shouldn’t Facebook block news?

Facebook warned us in September that they would block news. Today they have followed through on their word and you can no longer read or share the news on Facebook. The ACCC wants to force both Facebook and Google to share a percentage of their profits with traditional news outlets, and so Facebook has responded to these new regulations in dramatic fashion. 

The government should never force one company to subsidise another—or in this case force two businesses to subsidise an industry. 

No one should be shocked Facebook has banned all new sources, both local and international, on Australian Facebook pages. Traditional media wants to use a kangaroo court arbitration system to make money off of the big kids on the block….