08:02:06 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Meta CDR (CAD Hedged)
Symbol META
Shares Issued 4,400,000
Close 2023-07-10 C$ 16.70
Market Cap C$ 73,480,000
Recent Sedar Documents

NP/wire say do not let Meta or Google scare you

2023-07-11 08:08 ET - In the News

Also In the News (C-GOOG) Alphabet Inc CDRs (CAD Hedged)

The National Post reports in its Tuesday, July 11, edition that Google is cutting news links for Canadian users after Canada's Online News Act became law in June. A Tech Policy dispatch to the Post reports that the Online News Act forces Google and Meta to pay for the use of news content on their platforms. A similar confrontation occurred during the passage of Australia's News Media Bargaining Code, on which Canada's Act was modelled. Canada now has an opportunity to improve on Australia's legislation, maintain a global standard, and hold fast, knowing that the Big Tech platforms will not be able to block all news from all the countries and states considering similar legislation. Australia's Code is considered a success by the government, having resulted in more than 30 commercial agreements at about $200-million in value to news organizations. It is clear these deals brought benefits to newsrooms, with the Guardian directly attributing new journalism jobs as a result of the Code. Tech Policy's message to Canada and the rest of the world is this -- do not worry, these accountability measures are working as intended, and that we are finally getting somewhere in curbing Big Tech's dominance.

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