Meta: Facebook parent Meta ‘rejects’ new regulations of Canada’s news law ...Middle East

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Meta: Facebook parent Meta ‘rejects’ new regulations of Canada’s news law
The Canadian government released new details of the Online News Act that essentially forces technology companies like Meta and Google to pay local news publishers. But the company has said that it will continue to block users in Canada from seeing news on Facebook and Instagram. What are new draft regulationsDraft regulations published recently say that Meta and Google will need to pay Canadian news outlets a minimum of 4% of their annual revenue in return for carrying links to news articles. This means that Google will pay about $127 million and Meta to pay about $46 million per year to the news industry. It is to be noted that Meta has already banned Canadians from viewing news conte

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