(SYDNEY, Australia.) JUST IN: Facebook refuses to share advertising revenue from its newsfeed and says it wi ll consider scrapping it as they say people don’t come to the page to read news the company s aid cited by the Sydney Herald #AceNewsDesk reports

#AceNewsReport – June.15: “If there were no news content available on Facebook in Australia, we are confident the impact on Facebook’s community metrics and revenues in Australia would not be significant because news content is highly substitutable and most users do not come to Facebook with the intention of viewing news,” the company said, as cited by the Sydney Morning Herald:

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“The US social media giant said in a response: Australian Competition and Consumer Commission, which has been working on a code of conduct in a bid to force Facebook and Google to share revenues generated by news published on their platforms, that it would consider scrapping the news feed if the new rules were adopted.”

#AceNewsDesk report ……………….Published: June.15: 2020:

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