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Canada's Senate on Thursday passed a bill that will require Google and Meta to pay media outlets for news content that they share or otherwise repurpose on their platforms. The bill, which is set to become law, was passed amid a standoff between Prime Minister Justin Trudeau's government and Silicon Valley tech giants. Meta confirmed Thursday that it plans to comply with the bill by ending news availability on Facebook and Instagram for its Canadian users, as it had previously suggested...

Meta Platforms Inc said on Thursday it would end access to news on Facebook and Instagram for all users in Canada after parliament approved legislation designed to compel internet giants to pay publishers for news. The legislation, known as the Online News Act, was approved by the Senate upper chamber earlier on Thursday and is expected to be formally adopted shortly. "Today, we are confirming that news availability will be ended on Facebook and Instagram for all users in Canada prior to the Online News Act taking effect," Meta said in a statement...

Meta Platforms Inc said on Thursday it would end access to news on Facebook and Instagram for all users in Canada after parliament approved legislation designed to compel internet giants to pay publishers for news. The legislation, known as the Online News Act, was approved by the Senate upper chamber earlier on Thursday and is expected to be formally adopted shortly. "Today, we are confirming that news availability will be ended on Facebook and Instagram for all users in Canada prior to the Online News Act taking effect," Meta said in a statement...

(Bloomberg) -- Meta Platforms Inc. said it will end the availability of news on Facebook and Instagram for all users in Canada after the country passed a law requiring digital platforms to pay local publishers.Most Read from BloombergTitanic Sub Search Chases Mystery Noises as Air Runs LowTitanic Sub Crew Presumed Dead After Catastrophic ImplosionThese Are the World’s Most (and Least) Liveable Cities in 2023Debris Found Near Titanic Wreck in Search for Missing VesselModi Meets With Elon Musk and...

The digital platforms have warned that the legislation could force them to block or restrict access to news stories for Canadian users...

The cloud-native database specialist announced a new artificial intelligence (AI) initiative with Google Cloud...

The European Commission has once again accused Google of breaching the EU antitrust laws. Google faces threats. Click here for my take on GOOG stock now...

Shares of Amazon.com Inc. rallied 4.26% to $130.15 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500.....