09:21:33 EDT Sat 18 May 2024
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or Name
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CA



Meta CDR (CAD Hedged)
Symbol META
Shares Issued 5,050,000
Close 2023-09-21 C$ 16.73
Market Cap C$ 84,486,500
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FP/CP say survey finds Meta news moves irking Canadians

2023-09-21 09:34 ET - In the News

The Financial Post reports in its Thursday, Sept. 21, edition that a new survey suggests that most Canadians feel news should be free and accessible for anyone, while also believing that media will find other ways to make money. A Canadian Press dispatch to the Post reports that Leger conducted a national on-line survey of 1,564 people over the weekend to seek opinions about the Liberal government's Online News Act. The law will force digital giants such as Alphabet's Google to compensate media outlets for content that is shared or otherwise repurposed on their platforms. About three out of every four respondents said they were aware of the Online News Act with 34 per cent of respondents saying the law is a good thing to help media outlets that compete for advertising dollars with tech giants. In response to the bill, Meta removed news from its social platforms Facebook and Instagram, irking respondents of the survey. Over all, 59 per cent of respondents agreed Meta should restore access to news, and only 12 per cent agreed that Meta should be allowed to protest the legislation. Leger's Christian Bourque says, "It is sort of interesting because there isn't much opposition to the bill itself."

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