Saturday, September 2, 2023
Facebook parent Meta ‘rejects’ new regulations of Canada's news law
The Canadian government has revealed new regulations under the Online News Act that require Meta and Google to pay Canadian news publishers. The regulations state that Meta and Google must pay a minimum of 4% of their annual revenue to news outlets for linking to news articles. Both companies argue that the law is unworkable for their businesses. https://ift.tt/SYdxFNn
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Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who are probationary, as Trump cuts the federal workforce (Mackenzie Hawkins/Bloomberg)
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