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Australia passed “News Media and Digital Platforms Mandatory Bargaining Code”

The parliament of Australia has passed the landmark legislation called the “News Media and Digital Platforms Mandatory Bargaining Code” on February 25, 2021. Highlights This legislation mandates the global digital platforms to pay for publishing the Australian news content on their respective platforms. The legislation mainly targets Facebook and Google. The law easily passed the ..

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Why Facebook restricted new contents in Australia?

The tech-giant Facebook has recently blocked the Australian users from reading and sharing any local and international news. Facebook has initiated this move in the backdrop of the dispute over new media payment law that Australia has initiated. Highlights The Facebook has retaliated over the new legislation that was brought by Australian government. This legislation ..

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Digital Services Act and Digital Markets Act

The Digital Services Act and Digital Markets Act are two recent landmark legislations from the European Union. The draft legislation gives specific regulations to limit the powers of global internet companies like Google, Apple, Facebook and Amazon in the European market. Under the legislation, the larger firms are designated as ‘digital gatekeepers’ and would be ..

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Sherman Anti-trust Act

Recently, the UC FTC (Federal Trade Commission) filed an anti-trust lawsuit against Facebook under Sherman Anti-trust Act. The social media giant is under the scanner for its acquisition of Instagram and Whatsapp. Why was the lawsuit filed against Facebook? According to the lawsuit, the actions of Facebook deny consumers the benefit of competition. The aim ..

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What is Diem?

Facebook-backed cryptocurrency Libra has been rebranded as “Diem” to gain regulatory approval by emphasising that the project has “organisational independence”. The independent organisation, Libra Association, which runs the Libra project will also be renamed as the Diem Association. Diem is a Latin term meaning “day”. Libra received criticism because of the possibility of it threatening ..

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