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Australia expands Big Tech media levy to include professional networks (MSFT:NASDAQ)

Close-up hands of unrecognizable man holding and using smartphone standing on city street, browsing internet, checking social media, using mobile application.

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Australia plans to broaden its proposed levy on large technology platforms, extending the measure to professional networking services as it pushes more digital companies to pay local news publishers for their content.

For investors, the proposal signals expanding regulatory pressure on

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