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Repairing what they broke
13/2/21 10:34![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
airiefairieThe big winning innovation that really propelled google and Facebook into a cash-machine status was not internet search, and neither the social linking of millions of users. The core of their success was their sale of ad space around content they were getting for free.
Now, as the regulatory authorities of Europe and the US and in other parts of the world have realised the question of breaking up the monopolies from Silicon Valley, these giants are being compelled to amend their formula. The two companies have started signing agreements with news organisations, and paying for the news content they have been getting. This is meant to not just help them bring their activities in line with the new copyright laws, but also restore some trust from the media industry.
Why Google and Facebook are being asked to pay for the news they use
( Read more... )
Now, as the regulatory authorities of Europe and the US and in other parts of the world have realised the question of breaking up the monopolies from Silicon Valley, these giants are being compelled to amend their formula. The two companies have started signing agreements with news organisations, and paying for the news content they have been getting. This is meant to not just help them bring their activities in line with the new copyright laws, but also restore some trust from the media industry.
Why Google and Facebook are being asked to pay for the news they use
( Read more... )
