Business
As a former Facebook chief, here’s my verdict: It’s a shameless demonstration of corporate might – Sydney Morning Herald
A former chief executive of Facebook in Australia and New Zealand writes the company is taking a dangerous global gamble by blacking out news in Australia.
Ever since it started to reach global giant status, Facebook has been at pains to downplay its own power and influence. It is desperate to present itself in simple terms: a corporate entity making commercial decisions in the interests of shareholders.
So when it comes to the News Media Bargaining Code, it presents itself as Company A in commercial conflict with Company B. It is simply using available leverage to force a resolution to a commercial conflict. This may have held water a decade ago….
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