Sydney Morning Herald: Google and Facebook face fines and algorithm transparency under new code

Sydney Morning Herald: Google and Facebook face fines and algorithm transparency under new code. “Google and Facebook will have three months to agree to revenue-sharing deals with Australian media companies before independent arbitrators intervene under a new landmark code designed to tackle the market power amassed by the US tech giants. Draft laws unveiled by the Morrison government and competition watchdog on Friday will impose a raft of conditions on the digital platforms, forcing them to compensate news media businesses for using their content and be more transparent about their data and algorithms.”

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