Facebook said that news makes up less than 4% of the content people see on their news feed and the business gain from news is minimal for the company.
Wednesday’s restrictions are not going to have a major impact for most Australian Facebook users, according to Suranga Seneviratne, a lecturer in the School of Computer Science at the University of Sydney.
“If you think about news alone, I think as users, we might not feel it that much and as a platform, Facebook will not see a significant revenue drop,” he told CNBC on Thursday.
Some experts said that Facebook inadvertently blocking non-news sites in Australia could have serious repercussions — both in terms of reputational damage as well as commercial problems with Australian advertisers.
Others pointed out that by removing the main source of fact-checked information on the Facebook platform, at a time when misinformation poses a serious problem, the social networking giant is “shooting itself in the foot.“
Source Article from https://www.cnbc.com/2021/02/19/facebook-move-to-restrict-australian-publishers-was-a-nuclear-option-expert-says.html
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