Facebook Locks Horns With Canada Over Latest Legislation Concerning News Publishers
Portfolio Pulse from Anusuya Lahiri
Meta Platforms plans to end access to news on Facebook and Instagram in Canada once the Online News Act, requiring internet firms to reimburse news publishers, comes into effect. The act forces platforms like Facebook and Google to negotiate commercial deals and pay news publishers for their content.
June 23, 2023 | 12:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Google may face increased costs due to the Online News Act, which requires internet firms to negotiate commercial deals and pay news publishers for their content.
The Online News Act requires internet firms like Google to negotiate commercial deals and pay news publishers for their content. This may lead to increased costs for Google and potentially impact its profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Alphabet's Google may face increased costs due to the Online News Act, which requires internet firms to negotiate commercial deals and pay news publishers for their content.
The Online News Act requires internet firms like Alphabet's Google to negotiate commercial deals and pay news publishers for their content. This may lead to increased costs for Google and potentially impact its profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Meta Platforms plans to end news access on Facebook and Instagram in Canada due to the Online News Act, which may affect user engagement and ad revenue.
The Online News Act requires internet firms to reimburse news publishers, which may lead to increased costs for Meta Platforms. As a result, the company plans to end news access on Facebook and Instagram in Canada, which may negatively impact user engagement and ad revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100