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The story behind the story

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Canada tries to address Big Tech's Bill C-18 concerns, saying Google and Meta would pay publishers ~$126.6M and ~$44M per year; Meta plans to keep blocking news

Reuters

Discussion

  • @aaronrosspowell Aaron Ross Powell on threads
    The idea that Google and Facebook should pay newspapers for sending traffic to them is so bizarre, and clearly just a lame excuse to try to get rich corporations to subsidize an industry facing financial hardship.  But if that's the goal, just raise taxes on rich corporations and…
  • @mikehos3 Mike on threads
    Gotta love Meta and Google standing up to bullies.  Forcing big tech companies to bail out news publishers for dwindling public interest in news is clearly not the answer.  But like you said this is not based on logic, systemic problems do not have a straight line answer.
  • @soundskugle @soundskugle on threads
    They pulled the same strategy in Australia and eventually negociated They're worried bc others are starting to push https://www.forbes.com.au/...
  • @carnage4life Dare Obasanjo on threads
    The Canadian link tax law is an example of how laws are often not based on logic but instead vibes and lobbying.
  • @caseynewton.bsky.social Casey Newton on bluesky
    (Me trying to address your concerns) Please pay me $126 million [embedded post]
  • @mgeist Michael Geist on x
    Meta is clearly out of news sharing in Canada due to Bill C-18 given today's draft regs. Next big question: is Google prepared to pay 4% of search revenues for links to news? Because it won't be just Canada but will spread globally if it becomes standard. https://twitter.com/...
  • @mgeist Michael Geist on x
    I often said there was no Plan B for Bill C-18 when blocked news links became reality. Now it appears there was no Plan A either. Government is making it up as it goes along: estimates jump by more than 50% in months, make up 4% link tax out of thin air. https://twitter.com/...
  • @awudrick @awudrick on x
    So what you're saying is that “numbers plucked from the wildest dreams of the people running legacy media outlets” is not a sound basis for formulating government policy?
  • @senatorwallin Senator Pamela Wallin on x
    Thanks for your ongoing work on this file.
  • @mgeist Michael Geist on x
    The government increased the estimated revenues from Bill C-18 by more than 50% since last December. How? By establishing what amounts to a 4% link tax. If you are Google or Meta and you link to news, you must pay at least 4% of revenues in media deals. https://twitter.com/...
  • @awudrick @awudrick on x
    Setting aside the fanciful overvaluation of the actual value to platforms of linking to news, the idea that, say, the CBC should get a cut of any profit Google generates by linking to a New York Times article makes no sense whatsoever.
  • @mgeist Michael Geist on x
    Where does 4% link tax come from? The Canadian government just made up. Never referenced during Bill C-18 study and not linked to news costs or value. Add in 3% DST + millions from Bill C-11 and risk of blocked news links in Canada just went up. https://mgeist.substack.com/ ...
  • @pascalestonge_ Pascale St-Onge on x
    Today, I am releasing our proposed regulations for the implementation of the Online News Act. This is a reasonable next step in our work to make sure news businesses are compensated fairly for their work. Take a look ⬇️ [image]
  • @subjectivized @subjectivized on x
    it's really hard to find a customizable news site aggregator, without applicable paywalls
  • r/canada r on reddit
    Canada tries to address news law concerns, Facebook not convinced