After Meta, Google Plans To Cut Off Canada From News
Portfolio Pulse from Ananya Gairola
Google and Meta Platforms have decided to remove links to Canadian news sites following the Canadian Parliament’s passing of the Online News Act law that requires online platforms to pay news outlets for sharing their stories. Google plans to remove links to Canadian news from Google Search, Google News, and other products once the law goes into effect. Last week, Meta also affirmed its commitment to block news content on Facebook and Instagram in Canada.
June 30, 2023 | 4:07 am
News sentiment analysis
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NEGATIVE IMPACT
Google's decision to remove links to Canadian news sites could potentially impact its user engagement and ad revenues in Canada.
Google's decision to remove links to Canadian news sites in response to the new law could potentially lead to a decrease in user engagement and ad revenues in the Canadian market. This could negatively impact Google's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet's Google's decision to remove links to Canadian news sites could potentially impact its user engagement and ad revenues in Canada.
Google's decision to remove links to Canadian news sites in response to the new law could potentially lead to a decrease in user engagement and ad revenues in the Canadian market. This could negatively impact Alphabet's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta's decision to block news content on Facebook and Instagram in Canada could potentially impact its user engagement and ad revenues in Canada.
Meta's decision to block news content on Facebook and Instagram in Canada in response to the new law could potentially lead to a decrease in user engagement and ad revenues in the Canadian market. This could negatively impact Meta's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80