Facebook reverses Australian ban on sharing news | READ DETAILS

Australia's government announced on Tuesday that Facebook has agreed to lift its ban on Australians sharing news after a deal was struck on legislation that would make digital giants pay for journalism. Aussie treasurer Josh Frydenberg and Facebook both confirmed in statements that they had reached agreement on amendments to the proposed legislation on paying for news. 'The government has been advised by Facebook that it intends to restore Australian news pages in the coming days,' Mr Frydenberg and communications minister Paul Fletcher said in a statement.

Google, meanwhile, has been signing up Australia's largest media companies in content licensing deals through its News Showcase model. The platform says it has struck deals with more than 50 Australian titles through Showcase and more than 500 publishers globally using the model which was launched in October. Facebook said it will now negotiate deals with Australian publishers under its own model, Facebook News. 'We are satisfied that the Australian government has agreed to a number of changes and guarantees that address our core concerns about allowing commercial deals that recognize the value our platform provides to publishers relative to the value we receive from them,' Facebook's regional managing director, William Easton, said in a statement. 'As a result of these changes, we can now work to further our investment in public interest journalism and restore news on Facebook for Australians in the coming days,' he added.