Facebook has pledged to invest at least A$1 billion (approximately Rs 72.3 billion) in the next three years to support journalism, as the social media giant defended a dispute with Australia over payments to media organizations.

Nick Clegg, head of global affairs, said in a statement that the company stands ready to support the news media while reiterating its concerns about statutory payments.

Craig said: “Facebook is happy to work with news publishers.” After reaching a compromise with Australian officials, Facebook restored the news link.

“We absolutely recognize that high-quality journalism is at the core of how an open society operates-informing citizens and empowering them, and empowering them with a sense of responsibility.”

In the past, both Facebook and Google have invested a lot of money in supporting journalism on the grounds that it plays a vital role in democracies.

Clegg defended the California Titans in a blog post titled “The True Story of News on Facebook in Australia.”

The social media platform came under fire after clearing the pages of media channels for Australian users and preventing them from sharing any news content instead of obeying the proposed legislation.

Clegg argued in his article that the core of the controversy is a misunderstanding of the relationship between Facebook and news publishers.

Clegg pointed out that newsgroups share their stories on social networks or allow Facebook users to share news using functions such as buttons designed on the website.

Clegg said that last year, Facebook issued 5.1 such “free referrals” to Australian news publishers, with an estimated value of 407 million Australian dollars.

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Clegg said: “In recent days, the assertion that Facebook steals or obtains original news for its own benefit has always been and remains false.”

“We neither accept nor ask for content for which we pay a high price.”

“Wrong” enforcement
Clegg said that in order to comply with the law originally proposed by Australia, “under an arbitration system that deliberately misunderstands the relationship between the publisher and Facebook, Facebook will be forced to pay unlimited amounts to multinational media groups.”

He insisted that when blocking all news in the country, “we made the mistake of over-enforcement” and admitted that “some content was inadvertently blocked” before being restored.

After more than two decades of light-touch regulation, technology giants such as Google and Facebook are receiving more and more government scrutiny.

In Australia, regulators have begun to pay attention to its dominance of online advertising and its impact on troubled news media.

According to data from the Australian competition regulator, for every US$100 (approximately Rs 7,230) spent on online advertising, Google will receive US$53 (approximately Rs 3,830), and Facebook will receive US$28 (approximately Rs 2,020). shared.

To be fair, Australia wants Google and Facebook to pay for the use of expensive production news content in searches and feeds.

“Understandably, some media groups see Facebook as a potential source of funds to make up for losses, but does this mean they should be able to request a blank check?” Clegg asked in a tone of voice.

“It’s like forcing automakers to fund radio stations, because people might listen to the radio in their cars and let the radio station set prices.”

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Tim Berners-Lee, the inventor of the World Wide Web, recently warned that introducing a precedent for link charges could open the Pandora’s box-style currency claims box, which would disrupt the Internet.

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