Followers | 679 |
Posts | 141164 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Thursday, February 11, 2021 4:32:24 PM
By: TheStreet | February 11, 2021
• Microsoft says Australian proposal requiring Internet gatekeepers to share revenue with local news organizations should be expanded to protect democracy.
Microsoft says it would support worldwide expansion of Australia's proposal to require Internet gatekeepers such as Facebook (FB) and Alphabet (GOOGL) to share revenue with local news organizations.
The comments came in a blog post by Microsoft president Brad Smith Thursday discussing a proposal under consideration in Australia that would require compensation negotiations and, if necessary, arbitration to reach agreement on payment terms.
"The United States should not object to a creative Australian proposal that strengthens democracy by requiring tech companies to support a free press. It should copy it instead," Smith wrote.
He cited studies showing that Google captures $4.7 billion a year in uncompensated benefit from its crawling and distribution of news content. He also noted that U.S. newsroom revenue has fallen 70% since 2000.
Google has said it will withdraw its search service from Australia if the government passes the proposal. And Facebook said it will stop Australian users from sharing news on its Facebook and Instagram platforms if the measure goes into effect.
Smith noted that Facebook and Google had "persuaded the Trump administration to object to Australia’s proposal," but that that needs to reconsidered in light of Trump's use of social media to spread disinformation about the election and to incite the Jan. 6 assault on Congress as the electoral votes were being counted.
Microsoft's support of the Australian plan, announced last week, is not exactly a shocker, given that Facebook and Google are almost completely dependent on advertising for their revenue, while Microsoft’s ad revenue is very small in comparison. Microsoft shares money with news outlets through licensing deals for MSN and said last year that it has doled out more than $1 billion since 2014, Bloomberg reported.
Microsoft "committed that its Bing search service would remain in Australia and that it is prepared to share revenue with news organizations under the rules that Google and Facebook are rejecting,” the company wrote in a blog post.
“At Microsoft, we started 2020 by listing our policy priorities and saying that ‘technology needs to give the news business a boost,’” he wrote. “In October, we launched a new initiative to invest in and support local news and, through Microsoft News, we have been sharing a large portion of revenue with news publishers. In the hunt for better ideas, Google’s threat to boycott an entire country got our attention.”
Microsoft recently traded at $243.01, up 0.08%. Alphabet and Facebook shares fell fractionally.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent MSFT News
- Microsoft announces $3.3 billion investment in Wisconsin to spur artificial intelligence innovation and economic growth • PR Newswire (US) • 05/08/2024 01:45:00 PM
- Meta Platforms Expands AI Ads, Apple Boosts iPhone Shipments, and More Highlights • IH Market News • 05/08/2024 12:27:48 PM
- Microsoft and LinkedIn release the 2024 Work Trend Index on the state of AI at work • PR Newswire (US) • 05/08/2024 12:00:00 PM
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/07/2024 04:15:33 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/06/2024 08:20:48 PM
- Brookfield and Microsoft Collaborating to Deliver Over 10.5 GW of New Renewable Power Capacity Globally • GlobeNewswire Inc. • 05/01/2024 10:30:00 AM
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- Axel Springer et Microsoft élargissent leur partenariat dans les domaines de la publicité, de l'IA, du contenu et des services de Microsoft Azure • PR Newswire (Canada) • 04/29/2024 03:00:00 PM
- Axel Springer and Microsoft expand partnership across advertising, AI, content and Azure services • PR Newswire (Canada) • 04/29/2024 03:00:00 PM
- Axel Springer and Microsoft expand partnership across advertising, AI, content and Azure services • PR Newswire (US) • 04/29/2024 03:00:00 PM
- U.S. Stocks May See Further Upside In Early Trading • IH Market News • 04/29/2024 01:05:53 PM
- Conduent Collaborates with Microsoft on Generative AI to Drive Innovation in Business Process Solutions • Business Wire • 04/29/2024 12:43:00 PM
- U.S. Futures Rise in Pre-Market Trading Amid Key Federal Reserve Meeting and Earnings Week Ahead • IH Market News • 04/29/2024 11:12:54 AM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- U.S. Stocks Rally On Upbeat Tech Earnings • IH Market News • 04/26/2024 08:30:27 PM
- Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings • IH Market News • 04/26/2024 11:47:51 AM
- U.S. Futures Climb in Pre-Market Trading Amid Tech Gains and Upcoming Inflation Data • IH Market News • 04/26/2024 11:47:25 AM
- The Estée Lauder Companies and Microsoft increase collaboration to power prestige beauty with generative AI • PR Newswire (US) • 04/26/2024 10:00:00 AM
- U.S. Stocks Climb Well Off Worst Levels But Close Mostly Lower • IH Market News • 04/25/2024 08:40:00 PM
- Microsoft earnings press release available on Investor Relations website • PR Newswire (US) • 04/25/2024 08:10:00 PM
- U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast • IH Market News • 04/25/2024 11:53:54 AM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes • IH Market News • 04/23/2024 09:00:38 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM