Facebook Could Axe Canadian News Content Over Liberals’ New Revenue-Sharing Bill – The Deep Dive
Facebook is threatening to axe news content sharing on its platform as Canada’s federal government gets one step closer to imposing a new law forcing social media companies to share profits with news publishers.
The Online News Act, which was first unveiled back in April, will force major social media platforms such as Meta Platforms and Google to create contracts with Canadian news publishers and compensate them for revenue generated by their content. The proposed rules are currently being mulled over by the parliamentary committee, and Facebook is complaining it wasn’t included in the discussions. “We believe the Online News Act misrepresents the relationship between platforms and news publishers, and we call on the government to review its approach,” wrote Meta Canada head of media partnerships Marc Dinsdale in a blog post.
“In the face of adverse legislation based on false assumptions that defy the logic of how Facebook operates, we believe it’s important to be transparent…
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source: https://news.oneseocompany.com/2022/10/24/facebook-could-axe-canadian-news-content-over-liberals-new-revenue-sharing-bill-the-deep-dive_2022102434195.html
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