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Canadian govt to stop buying ads on Facebook, Instagram

Canadian govt to stop buying ads on Facebook, Instagram

23 Sept 06:37 Key points summarised by AI
  • Canada's government announced it will cease advertising on Facebook and Instagram, citing Meta's 'unreasonable' actions and an estimated annual cost of Can$10 million to Meta.
  • This decision directly counters Meta's move to block Canadian news content on its platforms, a protest against Canada's new Online News Act.
  • The Online News Act mandates that digital giants like Meta and Google compensate Canadian news outlets for content accessed through their services.
  • Prime Minister Justin Trudeau affirmed the government's resolve, stating they would not be 'intimidated by American billionaires' and emphasizing the commitment to supporting Canadian democracy and media.
  • The Act aims to provide an estimated Can$330 million annually to Canadian newspapers, addressing the closure of over 450 media outlets since 2008.
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