Facebook is wrong to say news has no economic value, says Canadian PM – Money Times

Facebook is wrong to say news has no economic value, says Canadian PM – Money Times
Facebook’s stance against paying for news “shows how deeply irresponsible and alienated they are,” Trudeau told reporters in Ottawa (Image: REUTERS/Dado Ruvic/Illustration)

The Canadian Prime Minister, Justin Trudeaudeclared on Tuesday that the opposition of Metaplatforms to the bill which requires the Facebook and others companies Using the Internet to pay for journalistic content is based on a false argument that the information has no economic value.

Speaking Monday before a parliamentary committee on the Trudeau government’s legislation, a Meta employee said the news had social value but not economic value for the company.

“If we’re being asked to pay these publishers for material that has no economic value to us, that’s where the problem lies,” Meta’s public policy chief said. CanadaRachel Curran, to the committee.

Trudeau said Tuesday that “this argument presented by the Internet giants is not only wrong, but it is dangerous for our democracy, for our economy.”

Facebook’s stance against paying for news “shows how deeply irresponsible and alienated they are,” Trudeau told reporters in Ottawa.

Bill C-18, or the Online News Act, proposes rules to force platforms like Facebook and Google to negotiate commercial deals and pay media outlets for their content, a measure similar to a law passed in Australia in 2021.

Reuters@moneytimes.com.br

Alaric Cohen

"Freelance communicator. Hardcore web practitioner. Entrepreneur. Total student. Beer ninja."

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