Opinion: Google and Facebook act tough in Bill C-18 standoff … – The Globe and Mail
Dylan Freeman-Grist is a freelance writer based in Toronto covering art, design and technology.
Justin Trudeau’s Liberals – particularly in recent times – have gained a reputation for bending over backward whenever foreign corporations have a temper tantrum in our backyard. One only needs to look to the pearl-clutching of Dutch automaker Stellantis and the subsequent billion-dollar subsidy forked over by Canadians for a recent example.
However, in the case of Google’s and Facebook’s standoff over Bill C-18, the federal government should recognize that it holds all the leverage, and act accordingly.
That is because both companies’ plans to block news in Canada, in response to legislation that forces them to pay media organizations, would be nothing short of self-sabotage and, as a result, are not to be taken seriously. Posturing from Meta and Google parent Alphabet shows desperation, not strength.
The companies’ valuations are up, yes, but they are bloated by the…
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