Meta Platforms (META) and TikTok have joined Alphabet's (GOOGL, GOOG) Google in pushing back against proposed revisions to Indonesia's copyright law that also sets rules for artificial intelligence, Reuters said Wednesday.
The revisions would require digital platforms to pay publishers for displaying news content, according to the report.
Meta's public policy head in Indonesia Berni Moestafa has said that paying compensation would mean news publishers "could lose readership traffic as well as potential advertising and subscription revenue," Reuters reported.
Meta, TikTok and Google did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 636.30, Change: -5.09, Percent Change: -0.79
