Meta Platforms Inc plans to end access to news on Facebook and Instagram for all users in Canada once a parliament-approved legislation requiring internet giants to pay news publishers comes into effect, the company said on Thursday.
tl;dr:
OTTAWA, June 22 - Meta Platforms Inc said on Thursday it would end access to news on Facebook and Instagram for all users in Canada after parliament approved legislation designed to compel internet giants to pay publishers for news. The legislation, known as the Online News Act, was approved by the Senate upper chamber earlier on Thursday and is expected to be formally adopted shortly. The act outlines rules to force platforms such as Facebook and Alphabet’s Google to negotiate commercial deals and pay news publishers for their content, a step similar to a groundbreaking law passed in Australia in 2021. The legislation was proposed after complaints from Canada’s media industry, which wants tighter regulation of tech companies to prevent them from elbowing news businesses out of the online advertising market. Covers Canadian political, economic and general news as well as breaking news across North America, previously based in London and Moscow and a winner of Reuters’ Treasury scoop of the year.
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