Meta Platforms Inc. (META.O) has announced that it will remove news from Facebook and Instagram in Canada once the country’s new Online News Act comes into effect. The legislation, which was passed by the Canadian Parliament on June 22, 2023, requires tech giants like Meta to pay news publishers for their content.
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Meta has been a vocal opponent of the Online News Act, arguing that it is unfair and unnecessary. The company has said that it will comply with the law, but that it will also remove news from its platforms in Canada.
The removal of news from Facebook and Instagram
The removal of news from Facebook and Instagram will have a significant impact on Canadian news publishers. The platforms are two of the most popular sources of news in Canada, and they reach millions of people every day. The loss of this traffic will be a major blow to many news organizations.
It is unclear what the long-term impact of Meta’s decision will be. It is possible that other tech giants will follow suit and remove news from their platforms in Canada. This could lead to a significant decline in the reach of Canadian news publishers.
The Online News Act is a controversial piece of legislation. Some people believe that it is a necessary step to ensure that news publishers are fairly compensated for their content. Others believe that it is an overreach of government power and that it will stifle innovation.
It remains to be seen how the Online News Act will ultimately impact the Canadian news landscape. However, Meta’s decision to remove news from its platforms in Canada is a significant development that will have a major impact on the industry.
Additional Information:
- The Online News Act is officially known as Bill C-18.
- The law was introduced by the Canadian government in 2021.
- The law requires tech giants to negotiate with news publishers and pay them for their content.
- The law is expected to come into effect in early 2024.
- Meta is not the only tech giant that has opposed the Online News Act. Google has also been a vocal critic of the law.
- It is unclear how many other tech giants will follow Meta’s lead and remove news from their platforms in Canada.
- The long-term impact of the Online News Act on the Canadian news landscape remains to be seen.
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