Google Says New Law Would Be the End of Search Services In Australia
The Australian government is considering a mandatory code of conduct for bargaining between Aussie news media and large digital platforms. The proposed News Media Bargaining Code specifically targets Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google and social media giant Facebook (NASDAQ: FB). In an open letter to the Australian lawmakers, Google Australia managing director Mel Silva said that the proposed law would break the internet as we know it, forcing Google to shut down its online search services if the proposal is allowed to take effect.
A recently published draft of the Code would create a registry of Australian news media outlets and a separate list of digital platforms such as Google and Facebook. Among other requirements, the bill allows the registered news media outlets to demand payment when the digital platforms provide links to their news content.
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Source Fool.com
