Canada claps back at Meta for its plan to remove news availability in response to Bill C-18 by deciding to remove gov't ads on Facebook and Instagram

Per Bloomberg

The Canadian government has decided to clap back at Meta's response to Bill C-18. Now, the government is removing its official ads from Facebook and Instagram.

This comes after Meta decided to end news availability on its platform for Canada after Bill C-18 would have required them to pay a fee. Instead of paying the fee to local Canadian news outlets, the company has decided to ban all access to news.

Heritage Minister Pablo Rodriguez gave a statement regarding the situation.

Rodriguez: “Platforms benefit from the status quo. They benefit from the fact that there’s currently nothing forcing them to contribute to our Canadian news system... That status quo isn’t working. All we want, all Canadians want, is for these platforms to contribute their fair share.”

From 2021 to 2022, Canada's Facebook and Instagram spending was $8.6 million.

Meta gave a statement upon making its decision, saying that in response to Bill C-18, they've decided to make publishers, news outlets, and broadcasters no longer available to users accessing their platforms in Canada.

Google has also decided to do the same by blocking Canadian news outlets from its search results. Canadian media was also dropped from the company's News and Discover products, meaning Canadians were encouraged to go directly to trusted websites for news.

See flow at unusualwhales.com/flow.

Other News:

Resources:

Bloomberg

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.