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this post was submitted on 02 Aug 2023
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This will probably have no affect on Facebook’s profits but will definitely result in a big drop in traffic to the news sites, ultimately costing them money.
Same thing happened in Spain. Not sure why Canada thought it’d go differently for them.
Same happened in Australia but Facebook backed down
Not exactly…
Australia agreed to amend the law to make it much more favorable to Facebook. In essence, Facebook and Australia compromise.
https://www.theguardian.com/media/2021/feb/23/facebook-reverses-australia-news-ban-after-government-makes-media-code-amendments
Because the law was changed: https://www.cbc.ca/news/world/facebook-ban-australia-1.5924076