[beachy]

So Facebook's revenues are approx $80b, and they're going to pay $1b over 3 years, for all of the real news content they rely on to drive traffic on their platform.

0.4% of revenue sounds way too cheap for that. If FB lost legitimate content, they'd have to make do with just their bubble-fuelling crackpot user-generated fake news, and that would surely drive away many of the less rabid FB users. They need legitimate news, badly.

[tqi]

FB doesn't make 80bn in Australia

[beachy]

TFA does not say that $1B is for Australia - implies it's worldwide.

[tqi]

Yeah TFA does no such thing. This whole thing is due to the new Australian law, which it is clearly what this deal is intended to satisfy.