Australia passes new law to fine tech giants that don't pay for local news

AI Summary Australia’s parliament has passed the “News Bargaining Incentive” on Thursday, a law focused on top tech platforms like Meta, Google, TikTok and Microsoft, handing them a choice between signing paid deals with Australian news publishers or giving up 2.5% of their local advertising revenue to the government. The levy is set to affect only firms... fulltext: 366 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/australia-law-tech-giants-fund-local-news/ Source: CryptoPolitan