this post was submitted on 30 Nov 2023
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278
Canada says Google will pay $74 million annually to Canadian news industry under new online law (abcnews.go.com)
submitted 11 months ago by [email protected] to c/technology
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[–] Substance_P 49 points 11 months ago (3 children)

Given that Googles estimated annual revenue is between 160 - 180 billion, that 74 million is only 0.04625% (if taken from the lower estimate) I'm sure they would chalk it up to just the price of doing business.

[–] [email protected] 43 points 11 months ago (2 children)

Well on the flip side, if Google doesn't mind paying that amount, Canada's news industry just gets $74 million more every year than it usually does.

[–] [email protected] 21 points 11 months ago

And it will all go straight to their CEOs. None of the people who actually do hard work will see a penny of that.

[–] Rakonat 10 points 11 months ago

Watch as youtube premium subscriptions and Canada double in price.