“News outlets voluntarily share content on Facebook and Instagram to expand their audiences and help their bottom line.
In contrast, we know the people using our platforms don’t come to us for news.”
While bothGoogleandMetaargue that online platforms helped lift websites with increased traffic and ad revenue, others argue the opposite.
What’s up with Google, Facebook and Canada?
Previously, newspapers relied on subscriptions, advertising and classified sections to keep their newsrooms operational.
He says this has led to public mistrust and the rise of disinformation.
Does this impact people in other countries?
Canada isn’t the first government to push a publisher compensation law.
The first was Australia, where in 2021 it passed the News Media Bargaining Code.
Although, lawmakersresurrected the legislationlast month and hope to bring it to the floor for a vote.
How has Big Tech affected journalism?
Thestate of journalismis one of many concerns governments around the world have regarding the power of Big Tech.
The industry has largely been unregulated, allowing tech giants to expand rapidly around the globe.
Regulators are also noticing the closure of newsrooms and continued layoffs.
In the US, 2,500 news outletshave closed since 2005.
What will the law do for Canadian journalism?
The Canadian law is estimated to bring in $329 million to Canadian newsrooms.
By comparison, Google and Meta brought in$285 billionand$117 billionin revenue last year, respectively.
“Canadians won’t be bullied.
Big Tech isn’t bigger than Canada.”
Google didn’t respond to a request for comment.
Meta said it had nothing further to add.
