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https://www.bbc.co.uk/sounds/play/w3cszhq3 … On Tech Tent - should the world follow Australia's lead with laws making tech pay for news? Yes says @hare_brain no, that's bonkers says @benedictevans Plus can soluble circuit boards solve e-waste and @zsk on how influencers can save small businesses
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This is incorrect: the Government has let Google and Facebook opt out of the law because they have done secret side-deals wiht the local media companies. Even if you do think we should start paying to make links, that is a terrible model for regulation.
The whole purpose of the legislation was to force FB into making deals with publishing companies. If it’s widely adopted and common place, it’ll likely force more innovative smaller companies. I see it as a win. Likely creating a new industry.
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The immediate effect is that no-one will now create any startup that lets people share links to news, for fear of getting hit with the same kinds of extortion. And there is absolutely no way this creates innovation. It locks in incumbency
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Fear of competing with BigTech has been killing innovation. VCs aren’t likely to invest in a company if FB is a direct competitor. More people will create new publishing companies. ___ Could be a first step towards more concrete regulatory landscape and removal of paywalls.
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