Social media company tells parliamentary committee Facebook and Instagram bring value to news outlets

Social media company Meta has accused a federal parliamentary committee of ignoring “the realities of how our platforms work” and the value Facebook and Instagram bring to news outlets, as a fight reignites over the news media bargaining code and funding of media publishers.

The Albanese government has also given its strongest indication yet it will look to reshape the code or replace the framework entirely, voicing concern Meta is trying to simply “sidestep obligations to pay for news”.

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