The Globe and Mail reports in its Thursday, July 20, edition that Ottawa should recognize that it holds all the leverage and act accordingly in the case of Google's and Facebook's standoff over Bill C-18. The Globe's guest columnist Dylan Freeman-Grist writes that it 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, but they are bloated by the artificial-intelligence mania. Frothy share prices -- current price-to-earnings ratios of 26 and 36 for Alphabet and Meta -- simply show there is value in an emerging technology saturating the market. The recent share performance of these two companies is best read as a fleeting veil for their own mounting troubles, all while other governments are planning legislation akin to Bill C-18. Both companies know that buckling to Canada's demands risks setting off a flood. Now both companies have begun to roll out comically Orwellian censorship beta tests to parts of Canada's news-reading public.