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Facebook says its business could afford to get rid of news
Faced with the prospect of having to pay for running news on its platform, Facebook issued a clear message to publishers: We don't need you. This emerged from a clash between Facebook and Australia's competition watchdog the ACCC, which was tasked with creating a mandatory code of conduct for tech companies in response to the advertising industry shrinking during the coronavirus pandemic. The ACCC released its recommendations for a code of conduct in mid-May.