Jim Cramer: Alphabet Looks Like a Monopoly But Isn't

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Google  (GOOGL) - Get Report is threatening to leave Australia if it has to pay local publishers for news, which is is something that is currently being contemplated by lawmakers as a way to protect local media providers.

A proposed law, intended to compensate publishers for the value their stories generate for the company, is “unworkable,” Mel Silva, managing director for Australia and New Zealand, told a parliamentary hearing Friday. She specifically opposed the requirement that Google pay media companies for displaying snippets of articles in search results.

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