Microsoft president Brad Smith. Source: Harry Murphy/Web Summit.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Microsoft president Brad Smith has suggested the United States “copy” Australia’s proposed media bargaining code
  • He said the laws were necessary to strengthen democracy, and that Microsoft would be “willing to live by these rules if the government designates us”
  • Google has threatened to remove its search engine from Australia should the laws go ahead as they are
  • Prime Minister Scott Morrison previously spoke with Microsoft CEO Satya Nadella, who said the software company is ready to grow the presence of Bing
  • Many major organisations, including Facebook and the U.S. Government, have argued that the legislation discriminates against Silicon Valley tech giants and breaches the Australia-U.S. Free Trade Agreement

Microsoft president Brad Smith has suggested the United States “copy” Australia’s proposed media bargaining code.

In a blog post yesterday, he said the laws designed to level the playing field between tech giants and news organisations were necessary to strengthen democracy, and that Microsoft would be “willing to live by these rules if the government designates us.”

“The United States should not object to a creative Australian proposal that strengthens democracy by requiring tech companies to support a free press. It should copy it instead,” Smith wrote.

Google has threatened to remove its search engine from Australia should the laws go ahead as they are but appears to have rolled back its all-or-nothing approach after Microsoft’s involvement.

Prime Minister Scott Morrison previously spoke with Microsoft CEO Satya Nadella, who said the software company is ready to grow the presence of Bing, its own search service.

While Bing holds roughly 20 per cent of the market in the U.S. and between 10 and 15 per cent in Canada and the U.K., it holds less than five per cent in Australia and is a distant second to Google.

But Microsoft’s public backing of Australia’s measures puts it head-on with a number of powerful organisations, including the U.S. Government, who claim that the legislation discriminates against Silicon Valley tech giants and breaches the Australia-U.S. Free Trade Agreement.

Smith said “Australians deserve credit” for addressing the power imbalance, and criticised Google’s preference for “a more traditional process that involves multiple submissions by lawyers.”

“But a slow and legalistic process clearly would benefit those with deep pockets rather than the smaller parties that need the help,” he continued.

Smith then called on the Biden administration to take action, arguing that “as the United States takes stock of the events on January 6, it’s time to widen the aperture.”

More From The Market Online
AI concept

The great AI scare sell-off is still permeating Wall Street; a speculative blog from the not-so-distant future stands as the latest culprit

The ongoing tech sell-off in the United States, ironically driven by the larger AI thematic itself, continues to define
US and Aus flag

The XJO benefitted from geopolitical calm last week. New tariff fears perhaps feel more familiar

Last week, I wrote that the ASX200 was having a good week, where Australian investors were reacting to Australian earnings reports and how

Okay, so just where is gold heading? Experts say its nowhere near finishline yet

Leading industry, government and investment groups are still confident that the gold’s bull run is nowhere…
Koala share trading AI

The ASX 200 is up over 4% YTD. What EOY targets are floating around?

It’s been a pretty good year for the ASX200 so far, helped greatly by the ‘commodity supercycle’ narrative – which isn’t really a