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Tech giant Google has threatened to close down shop in Australia due to intense lobbying on the new bill that forces Google and Facebook to pay news publishers to pay for their content. Facebook has responded to this news by saying that if the law passes then it would ban the spread of news on its platform as well as reducing its investment in the country.
Google in a statement said “The principle of unrestricted linking between websites is fundamental to Search. Coupled with the unmanageable financial and operational risk if this version of the Code were to become law it would give us no real choice but to stop making Google Search available in Australia.”
The giant last year when the bill was proposed warned that the quality of its products in Australia might suffer and stopped being free if the government continue to push this matter and imposes the shared ad revenue with the media businesses.
Google has also warned that the 19 million Australian population might face downgraded YouTube and search experience all because of this new law if enforced.
The Australian government’s new law if passed would make tech giant negotiate payment terms with the local publishers for their content, in case if they failed in striking a deal will empower the government-appointed arbitrator to decide the price.
Image Source: CBSNews
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