'We can't allow our free press to be captured by tech monopolies,' warns openmarkets' Barry Lynn in response to reporting that Facebook is reconsidering its multimillion-dollar deals with leading corporate media outlets.
The Washington Postdeal is part of a larger $20 million agreement.
"For years, Facebook has sucked advertising dollars away from newspapers and news magazines," Barry Lynn, executive director at the anti-monopoly watchdog group Open Markets,"At the very moment the U.S. government began to seek solutions to this problem, Facebook cut murky, multimillion-dollars deal with America's most influential newspapers, apparently as part of an effort to halt regulation and continue to siphon off advertising dollars unhindered," he added.
Facebook was so incensed by a 2021 Australian law compelling large online platforms to pay publishers for linking to local news stories that it
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