A Meta official had said news has a social value, but not an economic value to the company. Read more at straitstimes.com.
OTTAWA - Canadian Prime Minister Justin Trudeau on Tuesday said Meta Platforms Inc’s opposition to proposed legislation that would compel payment by its Facebook unit and other internet companies for journalistic content was based on a flawed argument that news has no economic value.
“If we are being asked to compensate these publishers for material that has no economic value to us, that’s where the problem is,” Meta’s head of public policy in Canada, Rachel Curran, told the committee. Facebook’s stance against paying news content “shows how deeply irresponsible and out of touch they are,” Trudeau told reporters in Ottawa.
Both Google and Meta have warned they would withdraw access to news articles on their platforms in Canada if the bill is passed into law without amendments. Their main objection is paying for links to news articles posted on their websites that they say would be unsustainable for their businesses.
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