Google Says Canada's Online News Bill Remains Unworkable, Says It Is Continuing To Urgently Seek To Work With The Government On A Path Forward
Portfolio Pulse from Benzinga Newsdesk
Google states that Canada's online news bill is unworkable and is urgently seeking to collaborate with the government on a path forward, according to a Reuters statement.
June 22, 2023 | 8:13 pm
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NEUTRAL IMPACT
Google finds Canada's online news bill unworkable and is seeking to work with the government on a solution.
The news directly involves Google and its operations in Canada. However, the short-term impact on the stock price is uncertain as the company is actively seeking a solution with the government.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Google's parent company, Alphabet, may face challenges due to Canada's online news bill, as Google seeks a solution with the government.
As Google's parent company, Alphabet is directly affected by the news. However, the short-term impact on the stock price is uncertain as Google is actively seeking a solution with the government.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100