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Facebook owner Meta respects the law only when it suits, says Australia minister

Economic TimesEconomic Times · 5m
Facebook owner Meta respects the law only when it suits, says Australia minister

Australia's financial services minister, Stephen Jones, accused Meta (formerly Facebook) of considering themselves above the law and engaging in anti-competitive behavior. He criticized the company for its decision to quit licensing deals with Australian news media and stated that such behavior harms economies and democracy worldwide. Jones emphasized the need for Meta to comply with laws in democratic countries like Australia. The minister is still considering implementing a law that would determine the payment Meta should provide to media for content posted on its sites. Jones also mentioned ongoing discussions with prominent Australians, including Andrew Forrest, who is battling Meta in a US court over scam cryptocurrency advertisements featuring his image.

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