Recently Canada passed the Online News Act requiring social media companies, such as Meta - the parent company of Facebook, to pay news publishers for the right to link to and reproduce their content . Meta and companies like it are resistant to the new regulation and, in response, have instituted geofencing bans preventing users in Canada from sharing news stories. What was the purpose of the new law and how will the current news embargo effect social media companies going forward?
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Social Media Companies Begin Canadian…
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Recently Canada passed the Online News Act requiring social media companies, such as Meta - the parent company of Facebook, to pay news publishers for the right to link to and reproduce their content . Meta and companies like it are resistant to the new regulation and, in response, have instituted geofencing bans preventing users in Canada from sharing news stories. What was the purpose of the new law and how will the current news embargo effect social media companies going forward?