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Big tech urged to pay news publishers $14 billion

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A recent study conducted by media analysts has suggested that tech giants Google and Meta should allocate a minimum of $14 billion annually to compensate news publishers.

The study highlights the growing concern over the economic disparities between these platforms and the traditional news industry.

According to the study, Google and Meta have seen their ad revenues soar in recent years, largely due to the vast amount of news content shared and discussed on their platforms.

However, news publishers have struggled to monetize their content adequately, leading to a significant imbalance in the digital advertising ecosystem. This has raised questions about the fairness of the arrangement and its impact on the sustainability of journalism.

The debate surrounding this issue has gained momentum as news organizations continue to grapple with declining revenues and the challenges posed by the digital age.

Advocates for news publishers argue that a more equitable distribution of ad revenue is essential to support quality journalism, while critics contend that it may hinder the free flow of information on the internet.

In response to the study’s findings, regulatory bodies and policymakers are expected to consider potential measures to address this issue.

The discussions will likely revolve around the idea of imposing a mandatory payment system, similar to those in place in some European countries, where tech platforms are required to compensate news publishers for using their content.

The outcome of these deliberations could have far-reaching implications for the future of online journalism and the relationship between tech giants and the news industry.

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Money

Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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Will Tesla’s supercharger layoffs eventually payoff?

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Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

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News

TikTok’s fate in the United States

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TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

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