Sensitive, a little. Maybe?
Canada’s parliament on Thursday passed Bill C-18, the Online News Act. The new law compels the social media companies – such as Facebook – to negotiate commercial deals with news outlets and pay for news content. So why does this behemoth not want to pay?
Meta is worth US$720 Billion.
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Meta, Facebook and Instagram’s parent company, is making good on its threat to block news sharing on both platforms across Canada in response to Ottawa’s online news bill, which became law late Thursday.
“Today, we are confirming that news availability will be ended on Facebook and Instagram for all users in Canada prior to the Online News Act (Bill C-18) taking effect,” a blog post from the web giant notes.