Facebook said Wednesday it would restrict news content sharing in Australia, refusing to bend to a regulatory push that would force the social giant to share revenue with media outlets. The California-based tech platform made the announcement after lengthy negotiations with Australian authorities seeking to require digital giants to pay for news. "The proposed law fundamentally misunderstands the relationship between our platform and publishers who use it to share news content," said Facebook's manager for Australia and New Zealand, William Easton. bur-rl/jm