Did this contribute to run on Silicon Valley Bank?

[applegrove]

(Canada) Meta to block access to news on Facebook, Instagram if Online News Act adopted as-is

The Canadian Press · Posted: Mar 12, 2023 11:49 AM EDT | Last Updated: 4 hours ago

Meta, Facebook's parent company, says it will restrict access to news on its platforms if online news legislation proposed by the government passes in its current form. (Dado Ruvic/Reuters)

https://www.cbc.ca/news/politics/meta-block-news-liberal-online-bill-1.6776485

"SNIP.......

Canadians would no longer be able to access news on Facebook or Instagram if the federal government's proposed Online News Act passes in its current form, the parent company behind the two popular social media platforms said.

Meta spokesperson Lisa Laventure shared the decision in an email on Saturday, saying the bill's current provisions would place the company in an untenable position.

"A legislative framework that compels us to pay for links or content that we do not post, and which are not the reason the vast majority of people use our platforms, is neither sustainable nor workable," she wrote.

Tech giants such as Meta and Google have long fought against the proposed law known as Bill C-18, which would require digital giants like them to negotiate deals that would compensate Canadian media companies, potentially including the CBC, for linking to or otherwise repurposing their content online.

.......SNIP"

[elleng]

1. No (I suspect.)

[applegrove]

2. Not even if they see this as a trend coming to the US? Websites no longer

being able to link to the news or having to share profits?

[elleng]

3. meta does stupid thing so we assume others follow the stupidity?

[applegrove]

4. Laws are coming in Canada. There is talk of the same thing coming to the USA.

Last edited Mon Mar 13, 2023, 02:22 AM - Edit history (1)

Later: they said on cbc news Canada could very well be the test country for legislation regarding social media sites and their links to journalistic content.