Now maybe im reading into it wrong, but the Wall Street Journal has an article as stated in the title that Canadian media will now charge a search engine to share their content. The whole idea seems completely absurd. And from the article, apparently something similar happened in 2021 with Australia so Facebook just blocked the media for a week until they caved. Google and Facebook are threatening to just block links to Canada if searched.
This entire thing just seems backwards. Why should a host pay to advertise for another company. Pro regulators are claiming Google and Facebook control the media and are obtaining advertising revenue that would otherwise go to the media. Making them pay to post links would fix that by in a way returning lost revenue from the media advertising. If anything i think it would kill small media outlets that can't afford the pay to play scheme Google would become. US Senate judiciary committee approved a similar bill. If these laws become more widespread, it has greater implications for any business seeking to have any kind of online presence where the financial giants are the only ones you'd find.
Am i "wrong" on this or is this just utter lunacy from slowly failing business grasping at whatever they can. When i go to events for my small business, The organizers charge a setup fee to venders to cover the venue and advertising, and i charge customers to buy my product. Venue makes money from me, and i make money from people who would otherwise not even know i existed.
(Reddit would then take over as the news giant as users pirate content)
[link] [comments] https://www.reddit.com/r/stocks/comments/14gf195/canada_passed_a_law_compelling_google_and/
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