this post was submitted on 04 Jul 2023
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Why do you say that?
Canada's new bill forces companies who shares a link to a Canadian news outlet to pay the outlet called a "link tax". Google doesn't want to pay the "link tax" so they got rid of every search result to Canadian news outlet in response. This effectively ensures nobody can see the news from Canadian news outlets through Google.
My understanding is that Canadian news outlets are already suffering specifically because of Google. Wouldn't keeping the status quo also be causing harm to these outlets?
Hedge funds are the problem - look who owns the owners of Canadian newspapers and you'll see why newspapers are suffering. Shareholders want to see cash flow and if you can't get it selling subscriptions and classifieds, or getting a bailout to not cut staff or close papers, then you convince your buddies to pass a law forcing some other rich company to give you some of their cash flow. Google and FB are the current evil-du-jour so they pin this one on them.