Facebook Says Will Stop News Sharing in Australia if New Regulations Become Law
Facebook Inc said it would block news publishers and people in Australia from sharing news on Facebook and Instagram if a proposal to force the U.S. tech giant to pay local media outlets for content becomes law. The Australian government said in July it would require tech giants Facebook and Alphabet Inc's Google to pay for news provided by media companies under a royalty-style system that is scheduled to become law this year. "This is not our first choice – it is our last. But it is the only way to protect against an outcome that defies logic and will hurt, not help, the long-term vibrancy of Australia's news and media sector," Facebook Australia managing director Will Easton said in a statement published on Tuesday. Following an inquiry into the state of the…