this post was submitted on 18 Aug 2023
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This is a bad take. I'm blaming Facebook for deciding they'd rather not have news than share the money they make off it with the people who need to be paid to make it.
While paying 0$ in taxes on the profit they make off of Canadians, don't forget to add that part!
@Kecessa @ram
So tax them!
C-18 is the absolute WRONG way to extract revenue. It hurts Canadians as well as smaller Canadian news and content providers.
The CBC and our oligopoly of mainstream news are pushing C-18 to cement their own status, not help Canadians to be better informed.
It's not Meta and Alphabet's fault that our media can't monetize their content once people get to their sites. Taxing links is not the answer and the consequences are obvious.
How do you tax a company that on paper has no revenue in your country?
Oh... Exactly like the government is trying to do right now, will you look at that?
You realise they manage to not even pay taxes in the USA?
@ram @festus
What is your evidence that Facebook is making money off of linking to news? They say it's not earning them much money, which is why cutting Canadian media off is not losing them anything.
I'm not engaging with this. Obviously facebook is monetized. I'm not gonna sit here and explain how advertising and the sale of your data makes a company revenue.
@ram
They monetize everything; cat pix, political rants, food reviews etc. And they don't pay for that either.
FB is enduring zero loss for blocking Canadian news. Even the call for an ad boycott is a bust. The biggest losers are the very media sources that pushed for this crap law.