"The regulatory process is not equipped to address the fundamentally flawed premise of the Online News Act ... today's proposed regulations will not impact our business decision to end news availability in Canada," Rachel Curran, Meta Canada's head of public policy, said in a statement.
A spokesperson for Google said the company was reviewing the proposed regulations "to assess whether they resolve the serious structural issues" with the law. Meta's revenue last year was about $117 billion, or about $320 million a day. Its decision to block news links in Canada has hadCanadians' usage of Facebook, according to data from independent tracking firms.
"The position of the Canadian government is that in light of that dominant position that they occupy in terms of being that gatekeeper to content, there is a responsibility on their part to come forward and bargain fairly with us," an official said.for negotiations between news organizations and internet giants this autumn, with the aim of initiating mandatory bargaining by early 2025.