[mythz]

If it's 1B /3yr for just News in Australia this is going to set a bad precedent with other countries going to want to rush legislation through and come knocking for a share of FB's profit.

Although I can see why they've folded, starting to see a trend where my FB friends are posting more infrequently so FB needs to something to fill up content to keep people's feeds current and them a reason to return.

Would've thought it would be cheaper for them to fund their own "News organization" reporting news from outside of Australia, which if successful I'd expect to would dissuade other countries from following suit.