Well, the spat between Facebook and the Australian State seems to have been resolved. I don’t fully understand the significance of the deal—where the surveillance platform must now pay advertising revenue to the media corporations that transmit their news on the platform—but it seems like the State has won, and Facebook has lost.
I would appreciate if anyone has any points of clarification or extra information to add.
The regulation of the platform has been likened on the news to the restrictions that tobacco giants now face, and the battle we had with them some decades ago.
I was very worried: if Facebook came out on top, it would set a precedent that silicon valley surveillance corporations would be ascending into a new ‘ruling class’, and capitalist States would be playing second fiddle to the tech giants.
It seems the first battle is over, and the status quo has been preserved, for now.