Canada says addressing Google, Facebook concerns over online news law ...Middle East

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Canada says addressing Google, Facebook concerns over online news law
source : canadian news today ( Middle East ) () 19
A 3D printed Facebook’s new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing Rights OTTAWA, Sept 1 (Reuters) – Canada on Friday unveiled draft rules for a new law designed to compel Alphabet’s (GOOGL.O) Google and Meta Platforms (META.O) pay news outlets, saying Ottawa was addressing the companies’ concerns that they may be facing an uncapped liability. The draft rules, which will go through public consultation, would raise C$172 million ($126.6 million) per year from Google and about C$60 million per year from Facebook, a Canadian government official told reporte

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