The outcome can set the tone for other governments trying to regulate internet companies. Read more at straitstimes.com.
OTTAWA - The Canadian government will stop buying ads on Facebook and Instagram amid a dispute over a new law onthat the Meta-owned platforms have opposed, Heritage Minister Pablo Rodriguez said on Wednesday.
“Canada is going to continue to stand firm and ensure that if social media platforms and internet giants want to use media, that they actually ensure that they’re paying their fair share for it,” Prime Minister Justin Trudeau said in Monteregie, Quebec. Mr Rodriguez said that 80 per cent of all ad revenue in Canada, or almost C$10 billion in 2022, went to Google and Facebook, and the Liberal government wants the two platforms to contribute to domestic journalism.
Meta has previously said that news does not hold economic value for the company and that news organisations benefit from sharing their reports on Facebook. Google, which had proposed amendments to the act that were rejected, said last week that the government’s regulatory process was unlikely to resolve “structural issues with the legislation”.The company did not comment on Wednesday.
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